Crypto▼ Bearish
Binance tests employees monthly with fake phishing emails, warns of firing
Binance's internal red team simulates social engineering attacks on staff for over three years. Employees who fail repeatedly face dismissal. The program targets the 65% of crypto security incidents caused by social engineering.
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Binance simulates phishing attacks on its own employees every month, and those who keep failing the tests face dismissal. The world's largest crypto exchange has been running the internal red team program for more than three years, Chief Security Officer Jimmy Su said.
The simulated attacks mirror real social engineering tactics, including fake job recruiter messages and conference invitations designed to trick employees into revealing sensitive information or clicking malicious links. Staff who take the bait go through remedial training. Repeated failures affect performance ratings. Chronic offenders are terminated, Su said.