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The collapse of Silicon Valley Bank (SVB), once the go-to financial institution for early-stage technology businesses and startups, is being exploited by cybercriminals. In this blog post, we discuss some of the tactics and techniques Netcraft has already detected criminals using to exploit SVB’s collapse – either directly or indirectly – as a lure.
As the flurry of COVID-themed attacks proved, cybercriminals waste no time in exploiting the attention such stories generate. Criminals often exploit current news stories, or specific times of year (like tax reporting) to make their scam seem more relevant to victims. They’ll also use the fear of missing out, hoping to trick victims into responding quickly.
New SVB-themed websites abound – criminal and otherwise