Got an email from the CSA chair? It might be a scam

Organization warns about 'spear phishing' email impersonating Stan Magidson

Got an email from the CSA chair? It might be a scam
Steve Randall

The Canadian Securities Administrators has issued a warning about fake emails that are impersonating its chair Stan Magidson.

The email is an example of ‘spear phishing’ where scammers use the name of someone known and trusted by the recipient in an attempt to gain personal or business information. In this case, the CSA chair and CEO of the Alberta Securities Commission will appear as the sender when unknown individuals are the real senders.

The CSA says that none of its systems have been breached and the emails are coming from an external source.

It says that anyone receiving an email that may appear suspicious should consider:

  • Is the message from a real, consistent and verifiable email address?
  • Is the message from someone you know who works at the CSA or one of its member organizations?
  • Were you expecting this email?
  • If you have clicked on a link, or opened an attachment, it is important that you take immediate steps to change your email password.

If you receive a suspicious email that claims to be from the CSA, you can report it via: [email protected]

Cybercrime has been in focus this week as an international law enforcement operation including participation from Canada disrupted a global crime network called LockBit. CIRO also issued a playbook to help registered firms plan for ransomware attacks.

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