ANATOMY OF THE CEO FRAUD ATTACK

1
ANATOMY OF THE CEO FRAUD ATTACK
2
The Motivation
Attackers target and impersonate CEOs, who have
the authority to instruct staff to take action.
3
The Beginning
Attackers look for a spoofable domain of a
high-level executive, CEO, CTO or CFO. In most
cases, they conduct months of research on the
company to be able to make the malicious email
seem legitimate.
4
The Trap
The seemingly genuine email is sent to employees
who are responsible for making payments or have
access to sensitive information that the attacker
needs.
5
The Response
Without verifying or questioning the legitimacy
of the email, the unsuspecting emoloyees
immediately act upon it.
6
The Damage
Once the attack is successful, the attackers get
what they want, be it money or data. Fraudulent
transactions and unauthorized data access lead to
massive loss of money and more targeted data
breaches.
7
The Result Massive loss of money Tarnished
brand reputation Valuable customer trust is
lost CEO is fired The employee who acted on
the phishing email is fired Money and data
lost are almost never recovered
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