Avoid Becoming a Phishing Scheme Victim

By Trustifi on May 16 2019

By Rodika Tollefson, InfoSec - 05/16/2019

A Lithuanian man is facing up to 30 years in prison this July for his role in a phishing scheme involving Facebook and Google. In March, he pled guilty to helping fleece the two companies out of a total of more than $100 million.

Using a business email compromise (BEC), the wire fraud scheme included sending fake emails to the two companies’ employees on behalf of a legit Taiwanese hardware maker, claiming the tech giants owed it money and directing payments to the scammers’ bank accounts...

...“Most of these types of attacks we see are on small businesses, but they’re afraid to talk about them in public or call the FBI,” says cybersecurity veteran Idan Udi Edry, the CEO of Trustifi. “The smaller organizations are the most vulnerable ones and on top of that, if they get hit, they can’t afford losses like the big ones can.” (Con’t)

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