An increasing number of South African companies have fallen victim to business email compromise (BEC) in the last quarter of 2019. Attacks are affecting all sectors, but we have noted an increase in attacks on clients in the mining sector.
Recent investigations indicate that cloud-based email platforms in particular are being targeted. Scams are being perpetrated using fake emails from senior executives of the company or phony vendor emails. Damages can include both financial and reputational damages.
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