A new “President” scam recently took place at Baker & McKenzie … The story is still the same …
A person pretends to be the Chairman, the Chief Executive Officer, or any corporate officer of the company and contacts the accountant or treasurer with the power to make transfers by telephone (or fax). Often in a semi-threatening tone, half-confidant, he then asks his naif interlocutor and in good faith to make transfers to particular accounts for particular transactions to keep confidential … 900,000 euros have escaped from the treasury of the famous law firm … This shows that, whatever happens, beyond certain amounts a double validation must be required. It’s all about process, but do not skip these topics. TAIGA is at your disposal if these subjects seem to you to be treated and controlled in your organizations.
