CFE – Financial Transactions and Fraud Schemes — Question 18

A fraudster poses as the head of one of XYZ Company’s foreign suppliers and sends an email to an XYZ employee requesting that this month’s payments be made to an alternate account that the fraudster owns. This is an example of which of the following types of fraud schemes?

Answer options

• A. Electronic piggybacking
• B. Reverse social engineering
• C. Executive email attack
• D. Business email compromise

Correct answer: A

Explanation

The correct answer is D. Business email compromise refers to a type of fraud where attackers impersonate legitimate business contacts to manipulate employees into transferring funds. The other options do not apply as they relate to different forms of unauthorized access or manipulation that do not fit the given scenario.