Posted on 1st February 2019
We would like to remind Freightbook advertisers to be aware and extra cautious of Business E-Mail Compromise (BEC), the sophisticated scam whereby criminals compromise legitimate business e-mail accounts through social engineering or computer intrusion techniques to conduct unauthorized transfers of funds, normally into a ‘new’ bank account.
WHO IS LIABLE? We understand the frustration involved if a company becomes a victim and that huge losses can be suffered, which can cause arguments regarding who is liable. Personally, I feel the banks should be taking more responsibility, or at least they should be working harder to prevent these cases.
However, the company who fell victim should consider itself liable for the damage as it has (albeit unknowingly) transferred and authorised the payment of funds to the criminals.
Therefore, the company who transferred the money is liable for the loss.
It is extremely important to ensure that your business insurance policy covers BEC scams, including other potential hacking and phishing scams.
TAKE ACTION TODAY We urge Freightbook advertisers to be extra cautious when transferring funds and if you are informed that the bank details of a company has changed, please telephone the management of the company for clarification.
The Freightbook Head Office suggests that you review your payment procedures and ensure you have verification steps in place to monitor payments. If it is a considerable sum, you could send a small amount first and then check they have received it before paying the balance.
Unfortunately, as much as we would like to assist, the Freightbook Head Office is powerless over these scams and any cases must be reported immediately to the police as it is a criminal matter.
You can read more on the FBI website.
Finally, please check that the online security of your systems is at the maximum, including updated firewall and anti-virus software.
Kind regards,
R HUMPHREY FCILT President/C.E.O.
fbi.gov/news/stories/business-e-mail-compromise-on-the-rise
We want Freightbook users to have a good experience with our website, whether on a large PC screen or on their mobile devices.
Available now at m.freightbook.net
Freightbook Exhibition Collaborations During July 2022
Freightbook proudly collaborates with many of the world’s...
Read more »
TransOcean Hungary Import Telescopic Cylinder from China
TransOcean Hungary have recently handled a number of shipments these past few months...
TransOcean Hungary Deliver Jetbroom to Tianjin
TransOcean Hungary Move Ikea Tower to Oman
TransOcean Hungary Export Nitrous Oxide Plant to Taiwan
TransOcean Hungary Transport Glass Production Line to Mexico
TransOcean Hungary Handle Paint System Cabin to the United States
TransOcean Hungary Export Steel Construction Component to Costa Rica
TransOcean Hungary Export Gas Jumper Hose to Santos
Eurogate Logistics Honoured at TSL Annual Event in Poland
Eurogate Logistics are proud to announce that they were recently honoured in the **27th...