A few months ago I warned all of my clients about the increased number of phishing scams aimed at defrauding taxpayers. Recently, there has been a new string of fraudulent activities occurring, but this time, scammers are preying on companies. Employees, typically controllers or treasurers, have been receiving emails requesting them to authorize a wire transfer. The emails are made to look as if they are coming from executives from the company (similar domain names) and often cite specific departments to which to code the payment. Companies are beginning to find out that these requests are from scammers directing the money to overseas bank accounts. Although this seems like an obvious scam, it is important to keep everyone informed of the recent rise in this activity.