Business owners face a growing threat from corporate account takeover (CAT) scams, a type of fraud in which criminals gain unauthorized access to company bank accounts and initiate fraudulent transactions. Financial institutions, including KeyBank, and cybersecurity professionals warn that these attacks are becoming more sophisticated, often combining technology with psychological manipulation to target employees and business leaders. Corporate account takeover scams can lead to significant financial losses, operational disruption, and reputational damage. In some cases, fraudsters are able to move funds from business accounts within minutes of gaining access. How Corporate Account Takeover Works Corporate account takeover occurs when criminals obtain […]