With public contact details that are easy to find on social media, the fraudster sends an email on behalf of an employee containing a 'changed' account number to the payroll administrator. Without the right checks and balances, it can just happen that the next salary payment falls into the wrong hands. Farfetched? Yet it is becoming more and more common.
Marcel de Dood, Services Manager of HR & Payroll Solutions at Centric Netherlands was told this by several customers this month. “After I shared a message about this on LinkedIn, several payroll administrators responded with similar incidents, also from longer ago. So, it is a tried and tested method. Given the amount of recent reports, this type of fraud now seems to be gaining in popularity.”