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Barclays Adds Safeguards to Email Security After CEO Staley Was Spoofed

May 22, 2017

It was Wednesday evening, May 10, when Barclays CEO Jes Staley got spoofed by a prankster posing as bank Chairman John McFarlane. The prankster, who had an extended email exchange with the Chief Executive, turned out to be a disgruntled Barclays shareholder.

 

Earlier that day, Barclays had held its annual meeting – a contentious affair, where some shareholders called upon Staley to resign. Staley was fatigued by the day’s events and hugely beholden to McFarlane for his tremendous support – which apparently left Staley vulnerable to the spoofing email from “john.mcfarlane.barclays@gmail.com.”

 

Going forward, so as to prevent similar embarrassments in the future, Barclays “has decided to activate a warning message whenever an employee sends a message to an external email address on a mobile device, which previously only happened on desktop computers,” according to the Financial Times.