Video: Targeted Spear Phishing Attacks Continue (CEO Scam Update)

A San Jose-based wireless networking firm recently reported losses of $39M from a "CEO Scam" very similar to the one targeted at OPSWAT earlier this year. OPSWAT's CFO, Patrick Tan, recounts the attack in the video below.

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Shortly after OPSWAT reported the attempted spear phishing attack to the authorities, the FBI's Internet Crime Complaint center issued a warning about "Business Email Compromise" scams defrauding businesses who frequently use wire transfers. Their statement reported world-wide losses from 10/1/13-12/1/14 of nearly $215M.

Watch the video for our tips on preventing socially-engineered spear phishing attacks, and then look into Policy Patrol Security for Exchange to protect your network!

Part One: OPSWAT Targeted with Advanced Spear Phishing Attack