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01732 759725
How safe are your emails?
Email fraud is on the rise
Someone is stealing your money. Well trained, highly
motivated cyber-criminals are targeting businesses like
yours and helping themselves to millions of pounds via
spoofed email messages.
These highly focused messages target finance staff
encouraging them to expedite payments to suppliers that
the Managing Director or Chief Executive cannot due to
being away from the office.
This new phenomenon has been dubbed “Whaling” as the
target is one large target as opposed to “Phishing” which
looks to de-fraud a larger number of smaller targets.
The consequences of inaction
Many medium and large size companies have been
targeted by these attackers, losing over £520m between
them since 2013.
Snapchat is the latest high-profile victim, revealing em-
ployee payroll information to an unknown attacker.
As with any scam of this type, the goal of whaling is to
trick someone in to disclosing personal or corporate
information through various methods, most typically
email correspondence.
‘Whaling’ has already cost businesses over £500m
Attackers can imitate your staff and redirect payments
How is it done?
The attacker is able to intercept emails between
companies and freely read their content. Over many
weeks or even months the attacker learns how to
impersonate the style and language of those sending
and receiving the emails.
The attacker is then able to send a bogus request for
money including new bank account details for the
transfer. As the attacker has lots of information about the
target the request will appear to be genuine and money is
very often transferred to the attackers account.
An attacker is able to successfully infiltrate a target as
standard email has no way to verify the email address of a
sender or recipient. This means that the displayed “to” or
“from” name actually has no relation to the email address
behind it.
How can I protect my business?
The Frama RMail platform provides a secure environment
for sending and receiving encrypted business critical
communication, providing a strong defence against
whaling attacks.
Easy to install and even easier to use, the RMail platform
is added to your current email client and provides the
option to send any email message with 256-bit
encryption.
In addition, all email sent in this way provide legal
verifiable proof of content and delivery and full audit
trail of who said what to whom and when.
As whaling becomes a part of everyday business life, can
your business afford not to take action to protect your
business from this new threat?
FRAMA (UK) LIMITED 15 Limes Court, High Street, Hoddesdon, Herts EN11 8EP Tel: 01992 451125 Fax: 01992 466453
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