The collapse of Silicon Valley Bank (SVB) on March 10, 2023, has led to scammers and hackers exploiting the situation by registering suspicious domains, conducting phishing pages, and preparing for business email compromise (BEC) attacks. Security researchers have found that threat actors are attempting to contact former clients of SVB, offering support packages, legal services, loans, or other fake services related to the bank’s collapse. They are impersonating SVB customers, telling them that payments need to be sent to a new bank account, which actually belongs to the threat actors. Cyber-intelligence firm Cyble has warned about developing SVB-themed threats with new domains, including sites already hosting cryptocurrency scams. Peer-to-peer payments firm Circle, which manages the popular stablecoin USDC, had a cash reserve of $3.3 billion in SVB, and the collapse of the bank has led to the creation of a network of cryptocurrency scam sites. Former SVB customers are advised to follow official communication channels and to ignore emails from unusual domains.
Source: Bleeping Computer
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