The threat of cyber crime is nothing new for the average business. But new tools like AI mean fraudsters have access to even more sophisticated tools, enabling them to hyper-focus their attempts on high-value targets, including top executives and C-suite members. Aileen Allkins of elev8 Digital Skilling shares tips for making sure staff at all levels have the tools they need to spot a fraud attempt.
Cyber attacks against financial services organizations have surged since the start of 2022, rising by 81%, according to a recent analysis. If cyber crime wasn’t previously high on the agenda for senior executives, it certainly is now, and business leaders across all sectors must be aware of the threats they face and how to mitigate them.
One such threat that has emerged in recent times is whaling, a specific form of phishing that targets organizations’ most influential employees. By selecting victims at the very top of the org chart, hackers are able to reap dividends well into the millions with just one email.
Characterized by ultra-realistic mimicry and real-life details, whaling emails target high-level executives with convincing requests for the transfer of funds or sensitive data. Notably, whaling and other scam emails are increasingly making use of AI to fabricate a highly convincing tone of voice,…
