CFC warns of social engineering scams threat

Form coming out of computer screen

CFC Underwriting has called on businesses to consider cyber insurance as a way to protect themselves against financial loss as the number of fraudulent wire transfer cases increase.

This type of scam is known as social engineering fraud, a term that refers to the tricks used by criminals to cheat their victims into giving out confidential details.

According to CFC’s Phishing for funds report social engineering scams take many forms, with the most common being funds transfer or wire transfer

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: