Beware spear phishing

A new sort of cybercrime is fleecing companies and institutions of millions of rands.It is known as "spear phishing" or "whaling attacks". Banks and forensic auditors have noted a marked increase in the number of incidents of such fraud over the past few months.According to forensic investigator Jacques van Heerden, spear phishing targets executives of blue-chip companies, parastatals and banks, often using their e-mail addresses.