It’s always good to stay up-to-date on the latest online scams and tricks. One that’s been going around lately is called the Fake President Fraud. It’s quite nefarious because it relies on something called social engineering to trick/con employees into sending money – your business’s money – to a scammer.
We’re going to give you the scoop on this treacherous plot by explaining what it is, why it works, how you can defend against it, and an insurance solution that can help you safeguard against it.