Email Fraud Investigation
Email Fraud Investigation. Email fraud is the intentional deception made for personal gain or to damage another individual through email. Almost as soon as email became widely used, it began to be used as a means to defraud people. Email fraud can take the form of a "con game" or scam. Investigating email fraud reaches to all aspect of cyber crime from recovery of funds transferred to a fraudsters bank account to a forensic examination to determine how fraudsters hacked into email accounts. Digitpol's Fraud Team are certified fraud examiners and can assist to all cases related to Email Scams and Fraud.
Email fraud, scams, phishing attacks happens in most cases when cyber criminals find ways to hack into the email servers or accounts of small and medium companies, often targeting those with business in Asia countries. Cyber criminals gain access to email accounts and search through email accounts looking for sensitive information such as outstanding, unpaid invoices or data relating to financial transactions and business between supplier, vendor and clients. When cyber criminals identify a sale or a due invoice, the fraudsters then send various fictitious emails from the hacked email account or an email address replicated to the original purporting to be in charge of the sale or due invoice to be paid, the fraudster is then asking for transfers of funds into a nominated bank account, usually giving an excuse that there is a problem at the bank and an alternative account needs to be used. It is common that the nominated account is in the same name as the company name or with a very slight change such as an extra letter. It is common the bank account to be in the same city as the victim or client.
Email Fraud Investigation
Digitpol has seen a rapid rise of email scams between a manufacture and a supplier when either is based in an offshore region or Asia, the targeted reason for this is due to the fraudsters ease of opening or using bank accounts in offshore regions and in Asia.
If your company has been targeted by Internet Fraud, CEO Fraud or Email Fraud and Scams and funds have been transferred to a bank account, we can help you, but only if you act fast and if you have the proof. If Digitpol is notified in time, Digitpol will assist to stop the funds from been transferred further and assist with all matters such as reporting the crime to the local Police in the region the funds have been transferred to.
The Common Trends in Email Fraud Cases:
Sale contract scam: fraudsters know from stolen emails about transactions between company A (the seller) and company B (the buyer). The fraudsters, pretending to be company A, send fictitious emails to company B, claiming that company A’s bank account has changed and requesting transfer of funds to the new bank account which is usually in the same region as the client, vendor or supplier.
CEO scam: pretending to be senior management officers of victim companies, fraudsters send fictitious emails to staff in the finance department, seeking the transfer of funds to overseas business partners or to make business investments on an urgent basis. The finance department staff are requested to transfer funds to a bank account.
The misspelt domain name.
This is where the cyber attacker will own the misspelt domain name, which closely resembles the victim or clients domain, but is usually off by one character.
From: "CEO Name" <email@example.com>
In this case, anti-spoofing will not identify these messages. Instead, regular expressions can be applied to the From: line in order to identify the misspellings. Below are two regular expressions for a domain called example.com. These expressions are useful not just for these scams, but phishing in general. For efficiency, the regexes assume the first character is never changed, which is a fairly safe assumption because otherwise the domain would not look similar enough. Simply copy the pattern and apply to your own domain(s).
Character Substitution Regex
This expression identifies a domain where one of the letters in the domain has been replaced. It works by checking each letter for substitution (for instance [^m] means "any letter but m").
Are you effected by a Cyber Crime?
If a cyber crime or cyber attack happens to you, you need to respond quickly. Email Fraud in its several formats such as online identity theft, financial fraud, stalking, bullying, hacking, e-mail fraud, email spoofing, invoice fraud, email scams, banking scam, CEO fraud. Cyber fraud can lead to major disruption and financial disasters.
If you encounter or believe that you have been the victim of online or mobile fraud (i.e. phishing, fraudulent text messages etc.), please send an email to firstname.lastname@example.org Be sure to attach any supporting documentation such as copies of suspicious emails, text messages and questionable links/URLs.
Contact Digitpol's hotlines or respond to us online. CONTACT
Digitpol is available 24/7.
Phone: Europe: +31558448040 / +31639220420 Phone Asia: +85253360558 / +85239733884