The global rise of whaling attacks hasn't failed to affect Australian companies, with losses from local attacks ranging from $5000 to $400,000, according to cases revealed to email security firm, Mimecast.
Trojan virus infections at financial services firms dropped by 73 per cent in 2015 compared to the year earlier, new research has found. But attacks are much more sophisticated and more frequently targeting financial institutions rather than consumers.
Managing Business Email Compromise and Impostor Threats to Keep Your Organisation Protected. BEC uses emails from fraudsters posing as an executive. They ask the victim to wire money or disclose sensitive information. Only later do the victims realize that the email didn’t come from the executive.
