Spear Phishing

Austrian Aeronautics Company Loses Over €42 Million to BEC Scam

May 26, 2016

Austria-based Fischer Advanced Composite Components AG (FACC), a major designer and manufacturer of aircraft components and systems, falls prey to a business email compromise (BEC) scheme that cost the company over 42 million euros in losses.

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Spear phishing: Spear phishing is a phishing method that targets specific individuals or groups within an organization. It is a potent variant of phishing, a malicious tactic which uses emails, social media, instant messaging, and other platforms to get users to div   Read more