Cybersecurity Fraudsters Lurk in Wake of Silicon Valley Bank Collapse
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Jackie Monroy
Silicon Valley Bank (SVB) was shuttered early this month and had its deposits seized in the largest U.S. bank failure since the 2008 financial crisis. Although it may seem like SVB’s collapse will only impact its direct customers and depositors, it is far more complicated. Like vultures to roadkill, cyber scammers often wait to exploit and target victims after tragedy strikes, or bad news arises. A perfect storm of stress, uncertainty, and urgency for customers and vendors alike during this time can impair someone’s judgement when they click links and open emails they otherwise would ignore or delete. Fortalice has outlined a few different ways cybercriminals social engineer their victims during times of extreme distress and insecurity.
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