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.
More than half of organisations’ have seen an increase in whaling email attacks on their finance and accounting departments in the lead up to Christmas.
It’s no secret that social engineering attacks, including phishing, spear-phishing and whaling, have grown from a nuisance to a colossal problem. A growing list of companies have been hit by these methods — sometimes to the tune of millions of dollars in data or financial losses.
