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CEO fraud

CEO fraud is a scam in which an attacker impersonates a company chief executive, usually by email, to order an urgent payment or data transfer that an employee carries out without checking.

Updated 1 min read

How it works

The attacker spoofs or registers a lookalike of the CEO address, then emails finance or HR with an urgent, confidential request. The authority of the role plus time pressure pushes the employee to skip the normal checks. It is a specific, common form of business email compromise.

Voice and video deepfakes are now used to back up the email on a follow-up call.

How it relates to brand impersonation

CEO fraud is executive impersonation turned into a direct payment scam, and it is especially dangerous for SMEs where one person can move money. The lookalike domains it needs are detectable in advance.

How nebty helps

Our business email compromise guide covers the controls that stop CEO fraud, and nebty monitors for the lookalike domains attackers register to impersonate your leadership.

How to shut the scam down

CEO fraud relies on a chain of small assumptions: that an urgent message from the boss is genuine, that confidentiality explains the secrecy, and that questioning a senior leader is risky. Break any link and the scam fails. The practical step is a standing rule that no payment or data release happens on an email instruction alone, no matter who it appears to come from; a second channel must confirm it. Make that rule explicit and blameless, so a junior employee feels safe pausing a CEO request. Watch for the lookalike sender domains the scam needs, since a message from ceo@yourbrand-gmbh.com instead of your real domain is a signal monitoring can catch before the first email. Our BEC guide covers the finance controls in full.

Business email compromise (BEC) is a fraud in which an attacker impersonates an executive, employee, or vendor over email to trick a company into transferring money or data.

Phishing & email

Executive impersonation is impersonating a company’s leaders, such as the CEO, CFO, or founders, to abuse their authority, typically to authorize fraudulent payments or extract sensitive information.

Impersonation

Whaling is a phishing attack aimed at senior executives, the most valuable targets, using highly tailored messages to trigger high-value actions like large wire transfers or the release of sensitive data.

Phishing & email

Spear phishing is a targeted phishing attack tailored to a specific person or small group, using personal or organizational details to make the lure highly convincing.

Phishing & email

A deepfake is synthetic audio, image, or video generated by AI to make a real person appear to say or do something they never did, increasingly used to impersonate executives in fraud.

Impersonation

Email spoofing is forging the sender address of an email so it appears to come from a trusted domain. It is the technical basis for most phishing and BEC.

Phishing & email

DMARC is an email authentication standard that tells receiving servers how to handle messages that fail SPF and DKIM checks, and reports who is sending mail using your domain. It is the main defence against email spoofing.

Phishing & email

Vishing is voice phishing: a phone call or voicemail that impersonates a trusted organization or person to pressure the target into revealing information or making a payment.

Phishing & email
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Benedikt Scheungraber

Benedikt Scheungraber

Co-Founder & CEO

Questions about brand protection, or want to see nebty in action? I’m happy to walk you through it myself and talk openly about whether we can help with your case.