Business Email Compromise can be one of the harder types of cyber scams to spot. The attacker may pose as someone the recipient knows by using a similar email address asking you to execute payments for the client from an unfamiliar source or to an unfamiliar account. This may be a scam.
Cayman Islands retail banks recommend that professional service providers put company protocols in place to verify the source and account details of all clients for any unusual activity or discrepancies.
If you think you have fallen victim to any type of online fraud, contact your bank directly or the RCIP Financial Crime Unit on 949-8797. Stay cyber safe