Posted on 1st February 2019
We would like to remind Freightbook advertisers to be aware and extra cautious of Business E-Mail Compromise (BEC), the sophisticated scam whereby criminals compromise legitimate business e-mail accounts through social engineering or computer intrusion techniques to conduct unauthorized transfers of funds, normally into a ‘new’ bank account.
WHO IS LIABLE? We understand the frustration involved if a company becomes a victim and that huge losses can be suffered, which can cause arguments regarding who is liable. Personally, I feel the banks should be taking more responsibility, or at least they should be working harder to prevent these cases.
However, the company who fell victim should consider itself liable for the damage as it has (albeit unknowingly) transferred and authorised the payment of funds to the criminals.
Therefore, the company who transferred the money is liable for the loss.
It is extremely important to ensure that your business insurance policy covers BEC scams, including other potential hacking and phishing scams.
TAKE ACTION TODAY We urge Freightbook advertisers to be extra cautious when transferring funds and if you are informed that the bank details of a company has changed, please telephone the management of the company for clarification.
The Freightbook Head Office suggests that you review your payment procedures and ensure you have verification steps in place to monitor payments. If it is a considerable sum, you could send a small amount first and then check they have received it before paying the balance.
Unfortunately, as much as we would like to assist, the Freightbook Head Office is powerless over these scams and any cases must be reported immediately to the police as it is a criminal matter.
You can read more on the FBI website.
Finally, please check that the online security of your systems is at the maximum, including updated firewall and anti-virus software.
Kind regards,
R HUMPHREY FCILT President/C.E.O.
fbi.gov/news/stories/business-e-mail-compromise-on-the-rise
We want Freightbook users to have a good experience with our website, whether on a large PC screen or on their mobile devices.
Available now at m.freightbook.net
Freightbook Exhibition Collaborations During April 2022
Freightbook proudly collaborates with many of the world’s top...
Read more »
R&B Global Projects in Croatia with Urgent Construction Equipment Shipment
As the construction of one of the biggest bridges in Europe is coming to an end, **R&B Global...
Amirtha Shipping Attend Function for MSC Vidhi in Tuticorin
MSC Vidhi, with a length of 277.28m, is the longest container mainline vessel to call at V.O....
Freightbook Exhibition Collaborations During March 2022
Sealand Shipping are West African Project Specialists
Sealand Shipping and Inland Services are new **[Project Cargo Network...
KGE Baltic Ship Surge Tank to Abu Dhabi
KGE Baltic are pleased to report their next multimodal delivery of a horizontal surge tank. ...
Wilhelmsen UAE Show their Strength in RORO Shipping
During January, Wilhelmsen UAE showed their strength in RORO shipping with two big lots handled...
KGE with Multimodal Delivery of Oversized & Heavy Equipment
KGE Baltic recently completed the delivery of two oversized and heavy pieces of mobile...
Freightbook Exhibition Collaborations During February 2022
Wilhelmsen UAE Handle Next Lot of Helicopters via RORO
Wilhelmsen UAE have handled another lot of helicopters to the USA via RORO. The two...
Wilhelmsen UAE have handled another lot of helicopters to the USA via RORO.
The two...