How to Defend Against IBAN Fraud Through Social Engineering

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The article highlights a real-world case where an HR representative unknowingly updated an employee’s bank details based on a fraudulent external email, leading to delayed salary payments. This underscores the need for specialized training for key personnel in Finance and HR to combat social engineering attacks.

You Should Know:

1. Detecting Fraudulent Emails

Use these Linux commands to analyze suspicious emails:

 Check email headers for spoofing 
grep -iE 'from:|reply-to:|return-path:' email.txt

Verify DKIM & SPF records 
dig +short txt example.com  SPF 
dig +short txt default._domainkey.example.com  DKIM 

2. Automating Email Alerts for HR/Finance Changes

Create a Python script to monitor HR database changes:

import sqlite3 
import smtplib

conn = sqlite3.connect('hr_database.db') 
cursor = conn.cursor() 
cursor.execute("SELECT  FROM employee_updates WHERE type='bank_change'") 
changes = cursor.fetchall()

if changes: 
server = smtplib.SMTP('smtp.yourcompany.com', 587) 
server.starttls() 
server.login("[email protected]", "password") 
server.sendmail("[email protected]", "[email protected]", "ALERT: Unverified bank change detected!") 

3. Windows Command to Audit User Changes

 Check recent user account modifications 
Get-EventLog -LogName Security -InstanceId 4720, 4738 -After (Get-Date).AddDays(-7) 

4. Enforcing Two-Factor Verification for HR Systems

Use OpenSSH to restrict access:

 Force 2FA for SSH logins 
echo "AuthenticationMethods publickey,keyboard-interactive" >> /etc/ssh/sshd_config 
systemctl restart sshd 

5. Simulating Phishing Tests

Run internal phishing drills with GoPhish:

docker run --name gophish -p 3333:3333 -p 80:80 -d gophish/gophish 

What Undercode Say

Financial fraud via social engineering is escalating. Key steps:
– Train HR/Finance teams to verify changes via secondary channels (e.g., phone calls).
– Implement approval workflows for sensitive updates.
– Monitor logs for unusual activity:

tail -f /var/log/auth.log | grep "failed"  Linux 
Get-WinEvent -FilterHashtable @{LogName='Security'; ID=4625}  Windows 

– Use YubiKey or TOTP for internal systems.

Expected Output:

  • Fraud detected early via automated alerts.
  • Reduced successful phishing through simulations.
  • Secure audit trails of all critical changes.

Prediction

AI-powered deepfake voice phishing will target HR teams by 2026, requiring biometric verification for sensitive requests.

IT/Security Reporter URL:

Reported By: Stephan Berger – Hackers Feeds
Extra Hub: Undercode MoN
Basic Verification: Pass ✅

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