Cybercriminals exploit SVB collapse to steal money and data

According to bleepingcomputer*, multiple security researchers report that threat actors are already registering suspicious domains, conducting phishing pages, and gearing up for business email compromise (BEC) attacks.

The collapse of the Silicon Valley Bank (SVB) on March 10, 2023, has sent ripples of turbulence throughout the global financial system, but for hackers, scammers, and phishing campaigns, it’s becoming an excellent opportunity. These campaigns aim to steal money, steal account data, or infect targets with malware.

Just like with big events as the World Cup or during big holiday season, scammers also take advantage of other events that generate concern millions of people. While we have seen evidence of scams exploiting the situation around SVB, our telemetry numbers do not indicate this is a widespread campaign. Yet.

We all need to be on the lookout for unexpected emails or calls – mainly those coming from a bank and requiring urgent action. Never click a link and input your banking login credentials nor give them over the phone at any time. To access your banking information, use your bank’s official website.

*ESET does not bear any responsibility for the accuracy of information on that website

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