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Phishing attacks targeting W-2 data hit 41 organizations in Q1 2016

Discussion in 'CSO' started by RSS, Mar 25, 2016.

  1. RSS

    RSS New Member Member

    In the first quarter of 2016, more than three dozen businesses have been victimized by Phishing attacks targeting employee tax records. The scams have impacted organizations both large and small, playing on fear and basic human nature in order to succeed.

    Since January, Salted Hash has kept an eye on the number of BEC (Business Email Compromise / Correspondence) attacks taking place online.

    BEC attacks are essentially a more focused variant of Spear Phishing, and more often than not the ultimate goal is tax information that can be used to obtain fraudulent returns.

    According to a report released by PhishLabs earlier this year, the number of organizations targeted by BEC attacks grew tremendously in 2015, as attackers refined their techniques and sought new victims. As 2015 rolled into 2016, that trend showed no sign of slowing.

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