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Failure of Silicon Valley Bank May Lead to Phishing BEC-like Scams

The failure of Silicon Valley Bank (SVB) and Signature Bank this weekend left many of the bank’s customers with questions as to how to communicate with the bank, or how to access their money. Scams often take advantage of these uncertainties, and some indications of scammers becoming ready to act have been sighted. The Internet Storm Center already spotted some suspicious domain registrations, and observed companies using simple emails to update account information with partners. Ref https://www.helpnetsecurity.com/2023/03/13/svb-cyber-fraud/