Fraudulent emails are the most common security breach experienced by SMEs. An expert explains why phishing scams work and how to avoid them
After learning that Facebook and Google were conned out of $100m in a sophisticated phishing scam, you’d be forgiven for wondering what hope the rest of us have. If these tech giants can’t protect themselves, how are small business owners supposed to?
It’s a story I see often. The con was the well thought out work of a confidence trickster. Evaldas Rimasauskas is alleged to have duped Facebook and Google employees into transferring money to accounts he owned, rather than the Taiwanese electronics manufacturer to whom they actually owed money. The technique used is known as phishing, which can be as simple as a fraudulent email requesting assistance.
Related: Facebook and Google were conned out of $100m in phishing scheme
Even the world’s most cold-blooded terrorists respond to fraudulent phishing requests