The Israel National Cyber Directorate (INCD) has issued a warning of a new type of cyber attack, using artificial intelligence (AI) technology to impersonate senior company executives. In this method, instructions are given to the companies staff members to perform transactions such as money transfers, as well as malicious activity on the company's network. Recently, reports on cyber attacks of this kind were received at the operations centre of the INCD, Xinhua news agency reported. The new offensive is of the business email compromise (BEC) type -- frauds by email against commercial and government organizations to motivate employees using social engineering methods to act for the attacker"s benefit. The most common types are phishing messages and an invoicing fraud in which the attacker impersonates the vendor, submits an invoice to the company and tries to motivate an employee under time pressure to make a bank transfer, provide information or allow access to the company"s network.
Jul-11-2019, 08:00:02 GMT