IT fraud expert warns wealthy investors

By   ISBuzz Team
Writer , Information Security Buzz | Sep 30, 2013 11:50 pm PST

A computer fraud investigator has identified wealthy individuals as the target of a new online scam, which may use details of the mark’s family history to convince them an investment opportunity is genuine.

Even emailing a regulator to check that the first transaction is legitimate, as one well-heeled mark did, is risky, because the party proposing it can intercept messages and amend them for their own ends.

In that case, a 69-year-old Briton emailed the Securities & Exchange Commission to gauge whether the request he received by post, to pay £20,000 of US taxes so $8.5m in inheritance could be released to him, was authentic.