Scammers trick City of Naples out of $700,000 in spear phishing cyber attack

Exploit: Phishing attack
City of Naples: Local government serving residents in Naples, Florida

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Risk to Small Business: 2 = Severe:  Spear phishing campaigns have evolved in sophistication, often relying on previously stolen credentials and inflicting greater damage than ever before. Therefore, awareness training is a critical element of any organization’s cybersecurity defense, since it can equip employees to successfully defend against all types of phishing campaigns that threaten company data and resources.

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Individual Risk: No personal information was compromised in the breach.

Customers Impacted: Unknown
How it Could Affect Your Customers’ Business: The cost of a data breach is higher now than ever before, which makes a preventable data breach even more egregious. Consequently, awareness training should be a top priority for every company. The expense of credit and identity monitoring services, reputational damage, and IT upgrades far exceeds the awareness training that can prevent phishing scams from compromising customer data.

Risk Levels:

1 - 1.5 = Extreme Risk
1.51 - 2.49 = Severe Risk
2.5 - 3 = Moderate Risk

*The risk score is calculated using a formula that considers a wide range of factors related to the assessed breach.


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