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Follow on Google News | A View from the Top: Why C-Level Executives Are More Prone to CyberattacksBy: Area 1 Security However, that's not always the case, and some individuals within a company are more enticing targets for hackers than others. C-level executives are at particular risk from malicious attacks and email scams, yet they don't always take security seriously enough. Let's have a more detailed look at why C-level executives are more prone to cyberattacks. Information as the Primary Goal of Hackers Hackers rely on extracting valuable information from company employees to carry out their attacks. In that regard, the most sought-after targets will always be C-level executives, owing to the amount of information they can access. Additionally, a company's executives have authority with other employees, which ensures they'd carry out a suspicious transfer if instructed to. C-level executives are also known sometimes to have a lax attitude towards security. They're busy people and have no time for security measures such as double-checking the sender of every email. If there are no technological controls or protective services in place, C-level executives can quickly fall prey to hackers. Getting them on the same page with IT is paramount to prevent the worst of the attacks. However, those attacks usually go through email, and conventional IT security solutions like firewall or antivirus can't stop them entirely. BEC and EAC Scams Business Email Compromise (BEC) and Email Account Compromise (EAC) are sophisticated scams with which hackers usually target the C-suite. They're often carried out through social engineering, so the target doesn't suspect fraud. The hackers get the target to divulge valuable information and perform a fraudulent wire transfer. They do it all through a simple, innocent phishing email, posing as a business partner or a company employee. According to the IC3 data, the domestic and international losses from BEC and EAC between October 2013 and May 2018 were over $12 billion. The statistical evidence shows that the real estate sector is heavily targeted, but other industries see plenty of BEC and EAC attacks as well. Protection Solutions for BEC and EAC Both BEC (https://www.area1security.com/ A better way to protect your company is opting for an all-encompassing anti-phishing service. Area 1 Horizon developed by Area 1 Security offers protection from phishing (https://www.area1security.com/ Since C-level executives are so prone to cyberattacks, mainly for BEC and EAC scams, it's important to keep them protected. It's a given that any industry professional should know the basics of cybersecurity. However, having peace of mind is invaluable, and that's precisely what Area 1 Security Anti-Phishing Service provides. End
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