WHAT IS A SPOOFED/HACKED EMAIL SCAM?

Scammers impersonate your suppliers, boss, logistic companies, renowned companies, etc using a similar email address. You'll be told to click on a link, provide your personal and confidential information on a fake website, or even ask to transfer money to a different bank account because the regular account has been suspended or is under audit. You could also be asked to purchase gift cards.

Alternatively, scammers can hack into either your email account, your supplier's or business partner's, monitor your email correspondence and at an opportune time, send an email to the other party requesting payment to another bank account. As well as a similar email address, scammers may use the same business logo, links to the company's website, or messaging format to trick you into believing you've received a genuine request for payment.