CEO Fraud is a kind of fraud (and legal offense) where cybercriminals spoof company email accounts or domains and impersonate some executive, usually the company CEO, to try to fool an employee in Accounting of Finance into executing unauthorized urgent wire transfers frequently to Chinese banks.
As stated, this emails are usually sent from spoofed (imitating) company accounts that looks pretty similar to the genuine ones, by for example switching letter "l" (like lion) to number "1", or letter "O" to number "0", etc.
In USA, this type of fraud is called "Business Email Compromise" by the FBI and just "CEO Fraud" in the European Union.
Once the member of Accounting or Finance has started a conversation with who they believe to be the CEO, they don’t question the validity of that person. For them, they are talking to and obeying the instructions of their CEO.
These emails do not contain dangerous malware, nor suspicious URLs, etc. they are totally clean from security point of view so special technology is required to detect and block them.
Iberlayer can detect and block CEO Fraud emails thanks to a very special and unique “Fraud Detection Technology“ specifically designed and developed to this very purpose.
When a positive is triggered, Iberlayer Help Desk contact the customer to report about it in detail.