Whaling. What is Whaling? Learn what phishing, spear phishing and whaling have in common. The reason whaling attacks target high-ranking employees is because they hold power in companies and often have complete access to sensitive data . It hinges on the cyber criminal pretending to be a senior member of the organization to gain the trust of the intended target. What is whaling in cyber security? A whaling attack, also known as whaling phishing, is a specific type of phishing attack where scammers target the big fish in a company, namely anyone in the c-suite such as CEO or COO. Cyber Whaling is Different than Common Phishing Attacks Spear phishing is a phishing attack, but one that is targeted at a specific individual or department within an organization. You are also working to protect the confidential data of your clients. Whaling uses the same tactics as spear phishing but with a hyper-specific focus on prominent, high-value targets. By learning how to spot and prevent whaling attacks, your company can avoid financial losses. When HR complied, the information was sent straight into cyber criminals' hands. While basic phishing attacks can usually be spotted from a mile away, spear phishing and whaling are much more difficult to identify. What is whaling in cybersecurity? The good news is there are many things security-conscious businesses can do to contain the threat. More articles Where spear-phishing attacks may target any individual, whaling attacks are more specific in what type of person they target: focusing on one specific high level executive or influencer vs a broader group of potential victims. They defrauded companies out of $11 million. Whaling is digitally enabled fraud through social engineering, designed to encourage victims to perform a secondary action, such as initiating a wire transfer of funds. Learn how to stay secure online. In whaling, the targets are high-ranking bankers, executives or others in powerful positions or job titles. Spear Phishing/Whaling. Read more: cybersecurity Phishing security. Test. Phishing vs. Whaling is a type of phishing attack that hackers use to get access to information, networks, etc. Cyber Security Part 2: Phishing Attacks. Whaling, also known as CEO fraud, is a type of spear-phishing attack that targets specific high-profile individuals: typically board members or those with access to corporate bank accounts. These attacks target the CEO, CFO, or any Cxx within an industry or a specific business. Whaling looks like spear phishing, but it is even more targeted, focusing on CEOs and CFOs of a company. A whaling attack is essentially a spear-phishing attack but the targets are bigger hence whale phishing. Whaling is where a cybercriminal impersonates a senior member of staff and sends a communication under their guise. about what were talking about today: Phishing is a type of cyber attack Cyber attackThe use of electronic means to interrupt, manipulate, destroy, or gain unauthorized access to a computer system, network, or device. It only takes one successful phishing or whaling attempt to put clients information into the hands of hacker. Whaling Phishing attack is a type of cyber-attack which is executed to perform phishing attack with the purpose of getting the control of data. Three men in Spain launched the attack against at least 12 companies in at least five countries. STUDY. What is whaling? What is a whaling cyber attack & how to avoid it? In cybersecurity, whaling is a specific form of phishing, a technique used by cyber criminals to dupe individuals into revealing sensitive data like login credentials, account passwords, bank account numbers or credit card information. Cyber insurance specifically covers the damages caused by cyber attacks, data breaches, and other internet-related security threats including: Ransom payment coverage: when hackers demand a ransom, or money, in exchange for encrypted files or stolen data. A whaling attack, also referred to as whaling phishing, is a specific form of phishing attack that explicitly targets high-profile employeesCEOs, CFOs, or other executives (known as whales)in order to steal sensitive information from a company. Executives/Whales can be either the target recipient or the spoofed origin of the phishing emails. What is the difference between whaling and phishing? What is whaling cyber? https://www.kaspersky.com/resource-center/definitions/what-is-a-whaling-attack Comparing spear-phishing and whaling attacks online. Why go for the little phish, when you can target the big phish, hence the term Whaling. The attendees at The Risk Institute Launch and Conference l ast week learned two new terms from cyber-space: Whale Phishing, and the Deep Web and Dark Net.These terms were introduced by Mr. Jeremy Kroll, CEO and co-founder of K2 Intelligence who discussed effective strategies for managing cyber security risks faced by business around the world.. Whale Phishing What is whaling in cybersecurity? Whaling is a specific kind of malicious hacking within the more general category of phishing, which involves hunting for data that can be used by the hacker. Course details. Have a multiple-step verification process before giving out any sensitive details. Keeps employee alertness levels to vishing high. Flashcards. FAQs: Whaling Security. To land a successful whaling attack, cybercriminals will carefully select a senior or high-level leader at an organization and pretend to be a friend or trusted colleague. You will study examples of malware attacks to understand common threats, and ultimately learn how to prevent malware attacks. Las Vegas casinos refer to the big spenders as whales, and casino managers are willing to spend extra time and effort to bring them into their casinos. What is whaling in cyber security? Cybercriminals are aware of the fact that the high officials are the ones who take all the major decisions and they generally possess the most valuable information. Any business owner knows that information is a vital part of running a company. When implementing cyber security tactics, you are not only working to protect your firm. Read more: cybersecurity Phishing security. A whaling attack is a type of cyberattack in which the cybercriminal pretends to be a senior player at an organization and targets the senior worker at an organization. In general, phishing efforts are focused on collecting personal data about users. Whaling is a highly targeted phishing attack aimed at senior executives masquerading as a legitimate email. 9. This story is a business email compromise example based on an actual attack that took place last year. Whaling (ok, not actually a fish) is a specific type of spear phishing that targets a big phish, often a board member or an employee with access to some particularly tempting assets. What does a Whaling email look like? As the protection of data and devices is becoming secured, cybercriminals are also stepping up. A watering hole attack is a security exploit in which the attacker seeks to compromise a specific group of end users by infecting websites that members of the group are known to visit. Meets industry security training compliance obligations. Whaling is often deployed on businesses with poor online security efforts and those with loads of valuable customer and business information that could easily be used for identity theft purposes. (Infographic) Phishing is a scam which targets victims via email where individuals are encouraged to click through to fraudulent sites, give personal information about themselves or even send money. During this digital summit panel, Suresh Chawdhary, head of security & privacy for Nokia, stresses the importance of a layered, multi-pronged cyber security approach to best protect from phishing and whaling. Youve likely heard of phishing attacks. However, owners of smaller companies are becoming increasingly conscious about their cyber security. Yet cybercriminals think of them as whales. 7. Ways to Protect your Business from Whaling Attack: Backup Your Important Business Information: To date, just over $1 million has been recovered. You've likely heard of phishing attacks. Cyber security services offered by Stroz Friedberg Inc. and its affiliates. Cyber Awareness Challenge. In recent years, cyber attacks have evolved, changing shape and intensity. Whales are big fish and just like whaling, cyber attackers are going after the big fish of your company the executives. a. Whaling emails from colleagues. Follow up with a phone call: The United Kingdoms National Cyber Security Centre (NCSC) learned of several instances where attackers followed up a whaling email with a phone call confirming the email request. This has resulted in a profound increase in the attack surface available to criminal hackers. Hospitals, personal practice offices, and other healthcare-related businesses are common targets for cybercriminals . Cyber Security Hub has gathered experts from every aspect of this space to present their most compelling case studies and real-world advice on subjects ranging from artificial intelligence, threat detection and response, critical communications, secure enterprise mobility, phishing, behavioral analytics, identity & access management and more.
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