What is Spear Phishing?

In short, it is phishing – sending fraudulent email – with one critical difference: the originator knows just enough information to slip past your defenses and those of your clients and real estate partners. YOU AND YOUR COLLEAGUES are being uniquely targeted using information that has been mined from the internet and/or compromised emails.
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spear

One terrifying example of this is a fraudulent email instructing a buyer /client to wire funds to an alternate bank, without re-confirming the wiring instructions. It is essential to your business security that you discuss this possible source of fraud with your clients in advance. Best practices include confirmation phone calls to numbers previously on file, and using only secure email to relay client information.

image credit: Michael Collins/Linkedin

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