And now attackers are using SMS for the same outcome.
Researchers at Trustwave’s SpiderLabs say that attackers pose as company executives in business email compromise (BEC) attacks. The FBI has reported that losses from BECs have surpassed $43 billion globally, and as time goes by, scammers are becoming more cunning with their lures.
Attackers use SMS messages, Signal, WhatsApp, and social media apps to carry out BEC attacks. One successful phishing attack can quickly spread laterally and majorly impact an organization.
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