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The FEDEX Scam

A New Twist on an Old Scam

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by Mike Knapp in Business Leaders

Last week one of our clients showed us the results of an interesting Fedex scam. This wasn’t the standard phishing scam that we’ve all seen.  It was something much more expensive.

Someone hijacked their Fedex account and was couriering forged cheques all around North America.

Dozens of fraudulent cheques had been shipping around North America using their Fedex account.

The Scam

This scam is a simple evolution of a much older one.  The fraudsters were purchasing merchandise, through Craiglist and other companies, then Fedexing a cheque to pay for them.  The cheques had all the signs of real cheques, but of course the account numbers wouldn’t be correct.

For my client, they found out in a couple ways:

  1. Returned cheques were being sent to them
  2. Their invoice from Fedex went through the roof

How To Protect Yourself

As we don’t know how their account was breached, it’s hard to say what they could do have prevented this attack.  Their response is easy:

  1. Inform Fedex of the fraudulent charges (they were happening all over the US).
    1. If needed, close the account and create a new one
  2. Take care when selling to people or companies remotely.
    1. Do not accept sales without a way to verify the purchaser.  This client gets fraudulent purchase attempts constantly.
    2. Just receiving a cheque isn’t enough. Will it clear?
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SIMPLE SECURITY GUIDANCE AND ARTICLES DIRECT TO YOUR MAILBOX

What you need to know to protect your business, de-geeked and accessible to everyone

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