Remote access ruse latest cyber fraud development

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Remote access ruse latest cyber fraud developmentThe latest development in cyber attacks has been revealed by a group called Financial Fraud Action, an organisation set up by the financial services industry.

This new crime occurs when fraudsters trick companies into allowing them remote access to their systems and persuade employees to transfer large sums of money to them under the guise of some sort of security protection, either an internet fault or some kind of pretense that an account is vulnerable and funds need to be transferred out for their own protection.

Financial Fraud Action has issued advice that robust housekeeping practices should always be in place. Never undertake any activity from an unsolicited phone call and there should always be two signatories to any fund transfers above a certain level.

See the full story on bbc.co.uk

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