In one case, a corporate controller received an email from whatappeared to be the company’s chief financial officer, instructingher to wire funds to a new vendor.

In another case, a company’s finance department received a faxfrom what appeared to be a supplier, advising of account changesfor future payments.

In both instances, the recipient of the communication complied,wiring funds pursuant to instruction. In both instances, thecompany fell victim to a scheme that legal and insuranceprofessionals are calling “social engineering” or similarly termedcrimes.

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