Impersonation attacks rising sharply

The number of impersonation attacks rose by 400 percent this quarter, new research has revealed. According to a new report by Mimecast, attacks where malicious actors carefully impersonate C-level executives, employees or business partners are on the rise. Mimecast says the technique, which tricks recipients into initiating wire transfers or sending other sensitive or highly monetisable data, is being exploited at an "alarming rate" and can lead to "significant financial loss." It cites the FBI, saying since October 2013 and December 2016, more than $5.3 billion were lost due to these types of scams. Between January 2015 and December 2016,… [Continue Reading]