It doesn’t take a complicated malware or ransomware attack to potentially cost your business millions. Increasingly, threat actors are simply impersonating executives and sending official-looking emails or other communications in an attempt to secure sensitive information or trick the recipient into wiring money.
Examples include a Texas-based energy company defrauded out of $3.2 million through impersonation, and in the UK a cybercriminal used AI-generated audio to impersonate the CEO’s voice and secure a wire transfer.
Executive impersonation is a nefarious tactic because it preys on the trust and loyalty of employees; organizations need to actively protect against such threats.
