Tag Archives: financial loss

Which positions are the most phished?

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New research suggests that when it comes to business email compromise (BEC) attacks (also known as spear-phishing or simply phishing attacks), hackers most often take on the guise of CEO, managing director and president. Targets are, perhaps unsurprisingly, frequently decision makers in the finance department. The researchers’ analysis turned up… Read more »

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Funds fly, fly away

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Hong Kong police have collared a Chinese fraudster who used ‘business email compromise’ (also referred to as a ‘fake president/CEO scam’) to con a leading Austrian aero-components manufacturer out of a whopping 42 million Euros. Along with ransomware, this form of scam is now the fastest growing cyber security threat… Read more »

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