Sep 27 / Admin

New Scam Alert: BEC Victim Lost $40K

KALB5 reported:

An Alabama woman is in custody after investigators said she targeted a Grant Parish company in an email scam that cost the business $40,000.

The scam began when Montgomery Tank received an invoice by email from a vendor the company had worked with for years. What they did not know, however, was that email address had been compromised.

Authorities arrested 61-year-old Pamela Smith of Decatur, Alabama.
Find the original article here.

Takeaway:  Have a separate process for remittance changes that includes controls, validations, authentication and best practices. Review the email to see if there are any red flags. Use an AI Tool to help. Check out the training session to see how to use Microsoft Copilot to spot red flags in an email or your inbox.

Enroll in Training Sessions:  Last Thursday of Every Month is Training on Frauds and New Scam Alerts and How to Combat
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