Email Impersonation Scams by Gabor Szathmari

What You or Your IT Staff Can Do to Protect Your Business A major cyber threat to Australian businesses is email-based impersonation scams targeting key personnel. The scheme involves cybercriminals mimicking business owners and executives through the use of phishing emails. Criminals typically pose as personnel in positions of authority and ask victims to perform money transfers, pay invoices, or to send the attacker sensitive data. The ACCC’s Scamwatch reveals that Australians reported over $4.7 million in losses caused by impersonation attacks in 2017, and estimates that 2,800 Australians were tricked into giving up personal information. In the same year, Mimecast reported that impersonation attacks were the fastest growing email-based cyber attack causing victims to lose on average $180,000. The good news is that you or your IT staff can take some simple (and free) measures to protect your business from email-based impersonation attacks. This article explains why and how. Impersonation....