Phishing attacks have become more sophisticated, with cybercrooks using social engineering to impersonate top corporate executives and trick employees into sending money. Fraudsters are also using artificial intelligence, launching bot-based attacks, and studying social media profiles to craft convincing mails. Akshay Garkel from Grant Thornton Bharat highlighted the need for improved security awareness levels to combat cyber attacks effectively. Educational institutes like IIMs have also faced impersonation scams, leading to the implementation of stricter systems.
Related Posts
Insured losses from CrowdStrike outage could reach $1.5 billion: CyberCube
Global insured losses from a recent IT outage caused by a software bug in CrowdStrike’s quality-control system are projected to…
Akamai forecasts quarterly revenue above estimates on cybersecurity demand
The company has also noted that the rise of generative artificial intelligence has made it easier for attackers to launch…
Google claims it would cost millions of dollars to open Play Store to rivals
This information comes in response to Epic Games’ victory in a lawsuit against Google last December, where a jury ruled…