Targeted phishing against organizations keeps growing. A significant share is known as CEO fraud (Business Email Compromise). It often starts with Finance receiving an email that appears to come from the CEO or an executive, requesting an urgent transfer.
CEO fraud requires preparation
Attackers use multiple tactics to mislead employees—aiming for money, sensitive data, or access. They often target organizations that work with suppliers and process regular transfers.
What makes CEO fraud effective is preparation. Attackers gather information from social media (LinkedIn, Facebook, X), public websites, press releases, and sometimes by initiating email/phone contact. They craft believable stories with real names, roles, and context. They often strike when the CEO is hard to reach (travel, meetings, holidays).
Recognize the red flags
How to prevent CEO fraud
The best approach combines process, people, and technology. If processes are designed well, deviations stand out. And if executive instructions via email are common, agree that they are always confirmed via a second channel: call back using a known number.
Process controls
People & awareness
Technical controls
Checklist for suspicious payment requests
Takeaway
CEO fraud is rarely a technical issue—it is a human scenario. Clear rules, strong email security, and repeated practice prevent urgency and authority from overriding your process.