As more and more people are becoming savvy about traditional phishing attacks, cyber criminals are upping their game too. Conversation- hijacking is becoming a more popular means of attack. It happens when criminals insert themselves into a conversation, through the use of previously compromised credentials. These attackers will develop trust and then ask for money in some form.
Businesses must start approaching cybersecurity as a risk management strategy. This means proper training and tools, such as two-factor authentication and policies about making calls to known colleagues before any transfer of funds. As always, feel free to contact us with any questions.