How do phishing campaigns use fake investor communications to manipulate or scam businesses?
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Phishing campaigns use fake investor communications to manipulate or scam businesses by impersonating well-known institutions or executives to gain credibility. They might send emails claiming to be from a legitimate source, offering fake investment opportunities or urgent requests for financial information. By creating a sense of urgency or playing on the target’s desire for financial gain, the scammers aim to trick the recipient into revealing sensitive information or transferring funds to fraudulent accounts. This can lead to financial losses, data breaches, or reputational damage for the targeted businesses.