Silicon Valley Bank (SVB) Failure Could Signal a Rise in Business E-mail Compromise (BEC)
On 10 March, Silicon Valley Bank (SVB) – a popular institution for the venture capital community in the Bay area – failed when venture capitalists (VCs) quickly started to pull money out of the 40-year-old bank, causing federal regulators to step in and shut its doors before more damage could be done. These are the perfect conditions for threat actors to steal several million dollars (and perhaps much more!).
