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FirstWave Cloud Technology launches new email C-Level Impersonation filter to combat a $3billion IT issue

Announcement posted by FirstWave Cloud Technology 27 May 2016

Recently the FBI said $3bn has been lost to fake CEO email phishing scams with over 17,000 business affected across 79 countries.

Sometimes known as “whaling”, “CEO impersonation fraud emails” or “Bogus Boss email scams”, these are representing a greater threat to companies, including private and public enterprise, from sophisticated fraudsters seeking to exploit weaknesses in company payment control and authorisation procedures to illegally gain financial advantage. 

Recognising the rising frequency  and detrimental  business impacts of this email fraud technique, FirstWave Cloud Technology has introduced a new C-Level Impersonation filter to its existing public cloud Email content security product, to further improve protection for all of its customers.  

“The majority of current Spam and Phishing filters used in premises-based technologies and cloud -based Email security services focus on spoofing detection and sender name blacklists which are not effective in protecting businesses and enterprises from this targeted threat. The solution we have developed is designed to detect and block the various forms of ‘whaling’ attacks, specifically tailorable to protect a company’s C-Level executives, key employees and officers” said Roger Carvosso, FirstWave Technology Portfolio and Marketing Director.

This new C-Level Impersonation filter feature is part of FirstWave’s own unique Enterprise Specific Protection (ESP)™ software technology and reinforces FirstWaves’ core philosophy of addressing the specific security, threat protection and analytics requirements of each organisation it serves. The classification algorithm used by this C-Level Impersonation filter has been designed, trained and verified by the FirstWave software development team to achieve high protection effectiveness with low false positives. 

For more information: 

Roger Carvosso, FirstWave Technology Portfolio and Marketing Director, roger.carvosso@firstwave.com.au