According to one study, phishing attacks against technology companies spiked in early 2018, accounting for nearly 14% of campaigns across major industries.1 Why are technology companies such rich targets? They have valuable intellectual property—trade secrets, business plans, and patented designs—which can be sold directly to foreign and domestic competitors and millions of users whose personal information can be stolen and then sold or used to make fraudulent purchases.
Indeed, in 2017 the FBI reported that a Lithuanian hacker used simple phishing tactics to defraud technology companies of more than $100 million.2 The year before, someone posing as the CEO emailed a tech firm’s payroll employees to request a W-2. Neglecting to check the sender’s email address, the employee forwarded information such as social security numbers and stock holdings.3
Cofense delivers solutions that train employees at all levels to spot and report phishing so security teams can stop it in its tracks.