All news with #payroll fraud tag

Cybercriminals Increasingly Target Online Payroll Systems

🔒 Microsoft warns of an emerging scam targeting online payroll systems, in which attackers use social engineering to steal employee and administrator credentials. Those credentials are abused to reroute direct deposits into attacker-controlled accounts, and fraudsters may take extra steps such as changing contact details or suppressing notifications to delay detection. The advisory highlights how moving payroll online creates new avenues for account takeover and financial fraud, and urges employers and vendors to strengthen authentication, monitoring, and verification processes.