In this case, “Whaling” or “Spear Phishing”, which is the term referred to by the Federal Bureau of Investigation (FBI) as Business Email Compromise (BEC) crimes. This threat involves the use of sophisticated technical engineering to create imposter emails that lure target recipients into wiring funds to bank accounts controlled by internet or cyber criminals.To aid the public, the Ministry of National Security advised that the Bermuda Government offers the necessary protections for their email transactions including this latest cyber crime.
“This threat is real, and in Bermuda,” Minister Baron warned. “The sophistication of this cyber-security lure is such that some in Bermuda have experienced substantial financial loss from these ‘whaling’ email attacks.”
Minister Baron went on to explain that the Government offers RMail ®, which is available in Bermuda through a partnership between the Bermuda Post Office and Secure Messaging Systems. The latest RMail® update release for Microsoft Outlook and Office 365 Outlook contains the first ever security feature to detect and prevent these BEC whaling attacks.
Post Master General, Wayne Smith added that R-Post, the technology provider, is endorsed by many leading industry groups, and has served customers worldwide for more than a decade.
Mr. Smith noted, “It offers the user secure large file transfers, anti-whaling imposter email protection, email encryption, e-signatures, email tracking, certified delivery proof, and other sending options for high-value electronic correspondence to Microsoft Outlook and Office 365.
“The message recipient is not required to have any special software or click anything in order to read the Registered E-mail message or return the Registered Receipt e-mail. The RMail® Registered Email service has been assessed and reviewed by the Attorney General’s Chambers and we are satisfied that the service fully satisfies the legal delivery proof criteria as outlined in the Electronic Transactions Act of 1999.”