Generative AI phishing attacks are surging, and technical defenses alone are insufficient to counter social engineering. This article provides an in-depth analysis of the latest data from HKCERT, as well as key regulatory compliance requirements under the PDPO, HKMA CFI 2.0, and SFC. It also explains how to use KnowBe4 to establish a continuous human-factor risk management cycle and automated training exercises.

An urgent email from the CEO requesting a wire transfer could be a Business Email Compromise (BEC) scam! Scammers impersonate the CEO, CFO, or a supplier and use their positional authority, along with urgent and confidential language, to trick employees into making wire transfers, changing bank accounts, or disclosing sensitive information. This article breaks down common CEO fraud tactics and shares prevention strategies for businesses, including KnowBe4-style security awareness training, simulation exercises, one-click reporting, independent payment verification, and dual approval processes—all designed to help organizations thwart these scams.