Cybersecurity experts warn on ‘whaling attacks’

Cybersecurity experts have warned so-called ‘whaling attacks’, in which company CEOs are targeted by scammers, have tripled in the past year.

Whaling attacks are a form of phishing and one example is where criminals become aware that a CEO is out of the country and then impersonates them to ask for money from the company.

Typically it results in an instruction to staff to transfer money to a bank account but directs them not to contact the CEO directly.