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Fraud Advisory for Businesses Released: Corporate Account Take Over

Original release date: October 25, 2010 | Last revised: October 23, 2012

As part of a joint effort, the United States Secret Service, the Federal Bureau of Investigation, the Internet Crime Complaint Center (IC3) and the Financial Services Information Sharing and Analysis Center (FS-ISAC) have released Fraud Advisory for Businesses: Corporate Account Take Over (PDF). The document explains that cyber criminals are targeting small- and medium- sized businesses and using methods such as malicious code, phishing, and social engineering attacks to compromise business banking accounts. Once these accounts have been compromised, cyber criminals can fraudulently transfer funds out of them and can cause significant business disruption and substantial monetary loss.

This advisory provides information that businesses can use to help understand, prevent, detect, and respond to the threats of corporate account take over. US-CERT encourages users and administrators to review this document and to remain vigilant in combating the threats of corporate account takeover.

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