December

NIST PR.AT-2

“Meeting Regulatory Requirements”

Scams & Fraud

Scammers exploit the holiday rush because they know we are distracted. For a consulting firm, 'Business Email Compromise' (BEC) is the most common way money is stolen.

Cautionary tale: The CEO Urgent Gift Card Request

During a busy December week, an assistant received an “urgent” email from the CEO: “I’m in a meeting and need to reward some clients. Go buy 10 $100 Apple Gift Cards and send me the codes ASAP.” The assistant complied, and the company lost $1,000. It was a classic “spoofing” scam.

The Lesson: No executive will ever ask you to buy gift cards or wire money via an unverified email. If a request involves 'gift cards', 'secrecy', or 'urgency', it is 100% a scam.

Common Holiday Scams

  • The Shipping Scam: Fake “UPS” or “FedEx” emails about a missed delivery that link to a malware site.

  • The Charity Scam: Fraudulent emails asking for “end-of-year donations” for causes you care about.

  • The Invoice Scam: Fake “Year-End Invoices” sent to accounting departments hoping they’ll pay without checking.

Spotting the Signs

  • The Sender Address: The name says “CEO,” but the email address is [email protected].

  • Strange Payment Methods: Requests for Gift Cards, Wire Transfers, or Bitcoin are always red flags.

  • Emotional Hooks: Using the holiday spirit or the “busy season” to make you bypass your usual caution.

December Security Checklist

  • Hover to Discover: Always hover your mouse over a link or an email address to see where it really goes.

  • Pick up the Phone: If you get a weird request from a boss, call them or message them on a separate channel to verify.

  • Review Your Statements: Keep a close eye on your corporate and personal bank statements during the holiday season.

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