[…] The attackers use a combination of email compromise and direct communication via messaging services such as WhatsApp to deceive their victims. Typically, they first compromise the email account of a high-ranking company representative, often the CEO, and then send fake instructions to employees to initiate money transfers. This type of attack requires not only technical know-how, but also psychological manipulation to gain the victims’ trust and persuade them to hand over sensitive information or carry out financial transactions(PYMNTS.com). […]