The latest phishing targets aren't individuals anymore, they're entire companies. Crooks hijack the email account of a company's CEO or a high-ranking executive and then try to extract as much money as they can until they get busted.
We're finding out about these scams because of the newly-formed Internet Crime Complaint Center. The organization is the result of a collaboration between the FBI and the National White Collar Crime Center.
Here's how it works: Scammers will figure out a way to hijack a CEO's email account. They then use the account to request a wire transfer from an employee with access to the company's finances for a seemingly-legitimate reason.
Hackers don't pull off these scams through computer know-how alone, they're learning how to observe and exploit their targets to maximize profit.