Business Nh Magazine Avoid Whaling And Ceo Impersonation Scams Craig mcdonald ceo of mailguard. a typical whaling scam, also known as a c level fraud or business email scam (bec), involves a cybercriminal impersonating a c suite executive over email – that is, phishing for a ‘big fish’. the request is deemed urgent and usually involves transferring funds or disclosing confidential information. Whaling attacks, often referred to as ceo fraud or executive phishing, are sophisticated cyberthreats targeting an organization's high profile individuals. these attacks are carefully designed to deceive top executives, such as ceos and cfos, into giving away sensitive information. the term whaling reflects the high status of these targets, who.
Whaling Ceo Impersonation A Simple Free Way To Avoid It Seguro According to the fbi, ceo fraud has shot up by 270% since january 2015 and has cost businesses around the world at least $3bn (£2.3bn) over the past three years. whaling scams typically target “c” level executives with authority to avoid time consuming processes and make direct electronic funds transfers, or direct staff to download. Bec scams are attempts by a hacker or cybercriminal to trick the executive into approving past due fraudulent invoices and executing a wire transfer. often, bec attacks involve the hacker successfully posing as a known executive to the target. the impersonated ceo could be a close friend, business partner, or rival. A whaling attack is a kind of phishing scam and ceo fraud that targets high profile executives with access to highly valuable information. in a whaling attack, hackers use social engineering to trick users into divulging bank account data, employee personnel details, customer information or credit card numbers, or even to make wire transfers to. Most often, ceo fraud is interchanged with impersonation fraud. sometimes, ceo fraud is also known as whaling (a reference to phishing). but instead of small fish, the criminals impersonate the executives who tend to have the power to ask for payments without being questioned. therefore, the exec targets are known as whales.
Inside Whaling Attacks How Cyber Criminals Target Ceos And Tips To A whaling attack is a kind of phishing scam and ceo fraud that targets high profile executives with access to highly valuable information. in a whaling attack, hackers use social engineering to trick users into divulging bank account data, employee personnel details, customer information or credit card numbers, or even to make wire transfers to. Most often, ceo fraud is interchanged with impersonation fraud. sometimes, ceo fraud is also known as whaling (a reference to phishing). but instead of small fish, the criminals impersonate the executives who tend to have the power to ask for payments without being questioned. therefore, the exec targets are known as whales. Whaling attacks, also known as “whale phishing,” take their name from the concept of “fishing for whales.”. in this example, a “whale” refers to a high profile target within a company, such as a ceo, cfo or other top level executive. in contrast with a generic phishing attack, which casts a wide net and is less targeted, whaling. Also referred to as “ceo fraud” in some circles, whaling is a variation of the spear phishing attack — commonly used in targeting a category of individuals who work at a company. except in the case of whaling, the category of individuals targeted is exclusively higher ranking members within the organization, such as c suite executives and.
Comments are closed.