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Hello to all our Cyber Stars! In this episode host Selena Larson welcomes back guest and part-time co-host Tim Kromphardt, fresh from DEFCON, to explore the world of request-for-quote (RFQ) fraud—a growing scam targeting small- to medium-sized businesses with fake purchase requests and net financing schemes.

Tim explains how cybercriminals exploit legitimate business practices to steal physical goods like networking tools, surveillance equipment, and medical devices. Using stolen business credentials, fake domains, and freight forwarding services, these scams combine social engineering with real-world theft. He shares firsthand stories of engaging with scammers directly, taking down fraudulent domains in real time, and even halting shipments in transit.

Selena and Tim break down how these schemes operate, the sophistication of scammers and why smaller, specialized companies are often targeted. They also provide practical tips for spotting and avoiding these scams, from verifying domains and emails to independently confirming contacts and addresses.

Resources Mentioned:

https://www.proofpoint.com/us/blog/threat-insight/net-rfq-request-quote-scammers-casting-wide-net-steal-real-goods

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