Spear-phishing is an email or electronic communications scam targeted towards a specific individual, organization or business. Although often intended to steal data for malicious purposes, cybercriminals may also intend to install malware on a targeted user’s computer.
Traditional security often doesn’t stop these attacks because they are so cleverly customized. As a result, they’re becoming more difficult to detect. One employee mistake can have serious consequences for businesses, governments and even nonprofit organizations. With stolen data, fraudsters can reveal commercially sensitive information, manipulate stock prices or commit various acts of espionage.
In addition, spear-phishing attacks can deploy malware to hijack computers, organizing them into enormous networks called botnets that can be used for denial of service attacks. (kaspersky.co.za)
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