Beware of the IBAN scam that is spreading like wildfire and is affecting more and more Italian companies and businesses.
IBAN scam – Oipamagazine.it
They are now known as “men in the middle“, which translated into Italian means “men who are in the middle”.
And it couldn’t be a more fitting name for these gangs of cunning scammers who slyly infiltrate digital payments to grab everything they find.
This is the last battleground in the world of financial fraudand we are here to shed some light on it, thanks to the escalating numbers that the postal police and the Guardia di Finanza men have been experiencing in recent weeks.
Over time, this phenomenon has grown exponentiallyespecially in northern Italy. Friuli Venezia Giulia, Lombardy and Emilia Romagna are the regions most affected by this trend.
In these areas, businesses and corporations have adopted new information technologies as the norm. And it is within this framework that they operate criminal groupsadopting a strategy that is deceptively simple to understand, but incredibly complex to execute.
IBAN scam: how does it work?
The mechanism can be explained in a moment. Take for example the textile industry in northern Italy. That’s where the boom industriale it is at its peak.
So, let’s say a company in this industry concludes a deal with a customer, agreeing to produce and deliver a batch of materials.
IBAN-oipamagazine.it scam
Now, as usual, when sending the invoice, the administrative team of the textile company enters the document the IBAN code. This code is what the customer will use to make the payment. So far everything is clear.
But just to clarify for those unfamiliar with the procedure, sending a files in PDF format it’s not always the only way to handle such a task.
Sometimes, the business might choose to provide the customer a link to your internal portal.
By doing so, the buyer can conveniently access all the necessary details on the site itself, such as the commission value and your banking informationto make the payment without the risk of information being shared on other easily accessible platforms, such as the PDF file.
This is where hackers come into play
This is where things get complicated. What seems like a smart decision can quickly become a double-edged sword.
Just when you thought you had chosen the best route to avoid any complications, the notorious “middlemen” come into play and start creating problems in the relationship between the performer and the client.
Believe it or not, just when the customer logs into the company’s internal portal to check their payment information, sneaky computer pirates they break in and tamper with the data they are looking for.
Hacker-oipamagazine.it
These annoying hackers have a simple trick up their sleeve: they simply have to exchange the original IBAN code for another belonging to a account in another country.
And guess what? That account is usually set up under a bogus company name solely to collect the ill-gotten gains from them fraudulent activity.
The official solution to the growing diffusion (and always in different ways) of fraud on the internet lies in the awareness campaignswhich at the moment must not be addressed only to ordinary citizens, but also to entrepreneurs and company managers: only in this way can we avoid very unpleasant situations such as those encountered by the police authorities recently.
2023-07-30 13:05:05
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