Social Engineering Fraud attacks, also known as business e-mail compromise or CEO Fraud, cause real strain on SME cashflows.
These attacks occur when criminals pretend to be customers, suppliers or senior individuals within businesses and trick staff into paying/transferring large sums of money into the attackers’ bank accounts.
The first step in protecting your business against Social Engineering Fraud attack is to understand the threat, so we made this video to help!
Most SMEs are not insured for these attacks and recovery of the stolen funds from the banks is largely not viable.
Edmund has recognised that Social Engineering Fraud attacks cause you concern and can offer insurance protection as an option within our cyber insurance solution.
With Edmund you can buy Cyber insurance, including cover for Social Engineering Fraud online in minutes. Click here to get started.