This blog article is going to help you further…
In a German company, wages were paid over several years to an employee who never existed. The case, whose cause can be found in missing SoD rules, became known as “The Man Who Never Lived”.
December 23, 2015 will go down as a black day in the company history of an Austrian aircraft supplier. On this day, an employee from the financial accounting department transferred the first 13 million euros to Internet fraudsters. They had set up a fake e-mail address of the CEO and pretended to the employee that this was a strictly confidential transaction for a company purchase. The correspondence comprises around 40 mails to build trust and follows the classic pattern of a so-called “Fake President Fraud or CEO Fraud”. The damage to the listed company is enormous. By the time the more than ten debits were noticed on 19 January 2016, a total of 50 million euros had been lost. The money has flowed to China, Taiwan and Slovakia.
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