Identify a security incident in the news that was perpetrate

Identify a security incident in the news that was perpetrated using a social engineering attack and provide a URL to a page describing the incident.

Explain who the attack targeted and how it was conducted. Why type of preventative measure might have been effective against this attack?

Solution

Ubiquiti Networks Inc got attacked by email business fraud losing $39.1 dollars monetary value.

http://www.csoonline.com/article/2961066/supply-chain-security/ubiquiti-networks-victim-of-39-million-social-engineering-attack.html

One of its employee became victom of CEO attack - where hacker impersonates email of senior staff member to initiate wire transfers and fool them to transfer large amount of money.

Mesures to prevent - Using email system controlled by company not free email domain. Be suspicious about someone asking for secret information. Multiple layers of permission on transaction. Digital signatures on emails. Don\'t use reply button instead use forward button and manually type in correct email.