Every month, Binance puts its staff through simulated phishing attacks designed to mimic real-world scams. These drills include tactics like fake recruiter messages and bogus conference invitations, aiming to trick employees into revealing sensitive information.
How the Simulations Work
The red team at Binance creates realistic phishing scenarios that test how well employees recognize and respond to social engineering attempts. If an employee falls for the bait, they must undergo additional security training. Repeat failures can negatively impact their performance ratings, encouraging vigilance.
Years of Persistent Testing
This isn’t a new initiative. Binance has been running these phishing simulations for three to four years, gradually sharpening the workforce’s defenses against cyber threats. The company reports continuous improvement in staff security awareness thanks to this persistent approach.
