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Whaling emerges as major cybersecurity threat

Discussion in 'CSO' started by RSS, Apr 21, 2016.

  1. RSS

    RSS New Member Member

    A clever variant of phishing scams is proliferating among enterprises, forcing CIOs to up their game even as they are still refining their cybersecurity practices to contend with various zero-day attacks. Called whaling, the social engineering grift typically involves a hacker masquerading as a senior executive asking an employee to transfer money.


    Jay Wessland, CTO of the Boston Celtics.

    "We have seen a few of those," says Jay Wessland, CTO of the Boston Celtics. He says atypical example he's seen involves someone pretending to be CEO or CFO who emails a high-level employee in the finance department to wire money or W2 tax forms. He says whaling attacks, a form of business email compromise also known as "CEO fraud," have increased over the past few months.

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