TOKYO -- Even with the language barrier sparing Japanese businesses the brunt of international online fraud, big companies are putting preventive measures in place as email scams targeting businesses surge.
Perpetrators frequently try to get a company to wire a large sum of money to a bank account by pretending to be the president or a client. Reports of businesses falling prey to such scams began surfacing around three years ago, with the number shooting up last year. Chief financial officers are targeted 40% of the time, followed by directors of finance at 10%, according to information security software maker Trend Micro.
