Phishing schemes are a very popular way to get money illegally, and they will be around as long as they continue to work.
One day, a hacker got into the computer system of one of our clients. He saw that our client was making a number of wire transfers from his bank account to different vendors. So, the hacker posed as the company’s CFO sending an email to the bookkeeper, and instructed her to send payment to the hacker’s bank, instead of the vendor bank. When the vendor called our client to say he had not been paid, our client discovered the problem. The insurance company paid up to $100,000 to reimburse the client.