Data security | HR departments targeted in £600k scam

The transfer of any money or sensitive information to an unintended third party is an HR nightmare. If confidential data regarding the company’s financial status gets into the wrong hands, it could compromise employee welfare and damage corporate reputation.

Yet, the Canadian city of Saskatoon has been the victim of a massive scam targeted at HR and finance departments, according to reports released by Global News. A media conference held last week by City Manager Jeff Jorgenson confirmed that a currently unknown fraudster had targeted HR and finance departments whilst electronically impersonating the chief financial officer of a ‘prominent’ local construction company.