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The city of Burlington Ontario falls for $500,000 phishing scam; investigations underway.

burlington

A sophisticated phishing email requesting new bank account information was purportedly sent from an established city vendor. Workers didn’t immediately identify the scam, and the city sent $503,000 to a falsified bank account. Although the government is updating its protocols to prevent this from happening in the future, it’s a reminder that, when it comes to guarding resources, proper cybersecurity training is a bargain.

 

Phishing attacks are entirely preventable, but they can be incredibly difficult to identify. As hackers adopt more sophisticated methodologies, it increases the importance of sophisticated and continual training to prevent them from wreaking havoc on your company’s IT infrastructure and customer data. What’s more, this training needs to reflect the evolving nature of today’s attacks.

 

Coleman Technologies can simulate phishing attacks and conducts security awareness training campaigns, helping employees identify the signs of a scam in a rapidly changing threat environment. Click the "get in touch" link to get started.

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Tuesday, 23 July 2019

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