How sophisticated scammers and phishers are preying on customers of Silicon Valley Bank

A new phishing campaign has emerged targeting the recent collapse of Silicon Valley Bank (SVB). The emails pose as official communications from SVB, notifying recipients that their bank account details have changed and directing them to a fake website to verify their personal information. Threat actors are exploiting fear and uncertainty around the situation in an attempt to steal sensitive data or financial fraud. Cloudflare has provided mitigation strategies for businesses and individuals to protect against this campaign, including using secure email gateways, regularly updating systems and applications, leveraging advanced threat protection measures, and raising employee awareness through regular training and simulations.