Business email compromise (or email account compromise) is a sophisticated scam targeting both businesses and individuals performing wire transfer payments. These types of scams intersect fraud and money laundering by targeting senior executives and disguising the funds through the movement of multiple shell company accounts. The activity also includes identity theft, impersonation of confidential professionals, schemes to produce and alter business invoices, and intrusion to gain access to steal other data.

Learn about the dynamics of this seemingly simple scam and how fraudsters use social engineering or computer intrusion techniques to conduct unauthorized transfers of funds and commit other financial crimes.