JOURNAL ARTICLE

Cyber Thieves Are Getting More Creative: They're combining real information with tiny bits of misinformation to steal from companies and individuals.

  • Published In: Harvard Business Review Digital Articles, 2023. P. 1 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Madnick, Stuart 3 of 3

Abstract

The article focuses on how cyber criminals increasingly use a combination of accurate information and small amounts of misinformation to commit financial theft from companies and individuals. It highlights schemes such as fraudulent wire transfers in corporate and real estate transactions, payroll diversion by altering employee banking details, and impersonation scams targeting staff to purchase gift cards. The article emphasizes the importance of verifying transaction details directly with trusted sources to prevent such crimes and notes that these deceptive tactics often go undetected until significant losses occur. It also stresses the need for proactive security measures and ongoing awareness to counter evolving cyber threats.

Additional Information

  • Source:Harvard Business Review Digital Articles. 2023/04, p1
  • Document Type:Article
  • Subject Area:Law
  • Publication Date:2023
  • Accession Number:163479103

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