Fraudsters have long used personal information gleaned on Facebook and LinkedIn to fool unsuspecting victims into falling for phishing and business email compromise (BEC) attacks. Lately, however, they’ve begun mixing in even more detailed, specific, and therefore convincing data stolen during high-profile breaches, according to Stu Sjouwerman, CEO of Clearwater, Fla.-based awareness training vendor KnowBe4 Inc.
“The quality of the attacks has improved significantly because of the amount of data available through data breaches like Equifax and others,” he says. So too has their ROI, Sjouwerman adds, noting that one BEC scam artist discovered by KnowBe4 researchers was bamboozling gullible CEOs out of $250,000 a month.
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