Scandoil  

ITIC warns on fraudulent diversion of funds


Published Mar 16, 2015
ITIC - logo

International Transport Intermediaries Club (ITIC) says fraudulent diversion of funds is on the increase in the maritime sector.

Having previously issued a warning about the fraudulent diversion of port expenses, ITIC says it is now seeing evidence of similar frauds being perpetrated across the wider marine industry. In a typical such fraud, the party due to make a payment will receive a bogus message altering the recipient’s bank details. Examples have included the diversion of ship agents’ disbursements accounts. Ship managers are also among those who have been targeted.

The email addresses used by the fraudsters are only very slightly different to the genuine ones – perhaps a single letter being omitted. ITIC, noting that it is very difficult to spot these differences, says, “Any message changing account details should be regarded with suspicion, and steps taken to secure independent verification of instructions.

Tags: International Transport Intermediaries Club (ITIC)




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml