Case study · Financial services

An early warning for exposed executive credentials: $2.3M in potential BEC losses prevented

How a mid-sized investment firm combined dark web monitoring with advanced phishing simulations after a near-loss to CEO impersonation.

Mid-sized investment firmFinancial services3-month program
$2.3Mestimated potential BEC losses prevented in year one
87%fewer credential exposure incidents
48 hrs → 15 minaverage phishing detection time
100%of executives completed advanced training

The challenge

Basic training wasn't enough for a firm that attackers target on purpose.

Targeted by BEC attacks

The firm was constantly targeted by sophisticated business email compromise attacks.

An $850,000 near-loss

It nearly lost $850,000 in a CEO impersonation scam.

Executive credentials exposed

Executives' credentials were regularly found on dark web markets.

“We needed proactive protection beyond basic training.”

What we did

A three-month security enhancement program.

Deployed: dark web monitoring and advanced phishing simulations.

Executive credential monitoring

Ongoing monitoring of dark web markets for executive credentials.

Real-time alerting

Alerts when exposed credentials are found, so action happens fast.

Advanced BEC simulations

Training built around the attacks the firm actually faces.

Financial industry templates

Phishing scenarios written for financial services.

Executive protection coaching

Targeted coaching for the people attackers go after.

The results

Measured over the first year.

  • Estimated $2.3M in potential BEC losses prevented in the first year.
  • 87% reduction in credential exposure incidents.
  • Average phishing detection time improved from 48 hours to 15 minutes.
  • 100% of executives completed advanced security training.
  • Zero successful BEC attacks since implementation.

secriq’s dark web monitoring gave us the early warning system we desperately needed. When our CFO’s credentials appeared on a hacker forum, we received an alert within minutes and prevented what could have been a devastating attack. The combination of continuous monitoring and targeted employee training has made us exponentially more resilient against financial cybercrime.

CISO, mid-sized investment firm

Client profile

CompanyMid-sized investment firm
IndustryFinancial services
ChallengeTargeted BEC attacks and executive impersonation
SolutionDark web monitoring and advanced phishing defense
Program length3 months

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