How sophisticated scammers and phishers are preying on customers of Silicon Valley Bank
By now, the news about what happened at Silicon Valley Bank (SVB) leading up to its collapse and takeover by the US Federal Government is well known. The rapid speed with which the collapse took place was surprising to many and the impact on organizations, both large and small, is expected to last a while.
Unfortunately, where everyone sees a tragic situation, threat actors see opportunity. We have seen this time and again - in order to breach trust and trick unsuspecting victims, threat actors overwhelmingly use topical events as lures. These follow the news cycle or known high profile events (The Super Bowl, March Madness, Tax Day, Black Friday sales, COVID-19, and on and on), since there is a greater likelihood of users falling for messages referencing what’s top of mind at any given moment.
The SVB news cycle makes for a similarly compelling topical event that threat actors can take advantage of; and it's crucial that organizations bolster their awareness campaigns and technical controls to help counter the eventual use of these tactics in upcoming attacks. It’s tragic that even as the FDIC is guaranteeing that SVB customers’ money is safe, bad actors are attempting to steal that Continue reading
