Robust cybersecurity measures for employees, executives and board members are increasingly pushing fraudsters to find other targets — and they are. By targeting board members’ homes and even their families, cyber criminals can gain access to a human supply chain of compromised accounts. BlackCloak CEO Chris Pierson breaks down these threats and warns: The SEC is watching.
Hackers are constantly on the hunt for new corporate victims. However, as companies get better at securing their networks, many threat actors are bypassing these defenses by conducting highly targeted personal attacks on key company personnel — where protections are typically more lax.
Board members are an ideal target for these attacks because they have high levels of access to company information, frequently serve on multiple companies (creating a sort of “human supply chain”) and their authority figure status is a perfect opportunity for downstream phishing attacks on other company executives and employees — known as business email compromise (BEC), which is one of the costliest types of fraud, according to federal crime data.
Since one successful attack on a board member can result in extensive access and opportunity for the cybercriminal — and not just at one company but at multiple organizations — board members…
