How to Avoid Phishing Attacks?
An exponential rise in fraudulent attempts, which are financially motivated, has led to substantial monetary losses. The BEC (Business E-mail Compromise) alone cost $1.8 billion to the compromised organizations in 2019. At the core of these fraudulent activities lie phishing attacks that aim to gain information and access into the system/network of an individual or an organization. These practices lure or compel a person into providing privileged or sensitive information that could yield financial benefits to the attacker. Cybersecurity experts stress that phishing is a longstanding issue with an increasing impact in the near future due to computing technology advancements. The phishers aim to gain thetargets' trust by pretending to be a legitimate entity and asking for further access to unauthorized data. Phishing attacks are also considered as prequels to major malware and ransomware exploits.
What Is Phishing?
The fraudulent attempt to lure or compel a person to provide information or perform some malicious task is called phishing. Phishing aims to gain information and access into an individual or an organization, yielding financial benefits for the hacker. Studies suggest that more than 70% of phishing attempts are financially motivated, and phishers have bagged nearly $26 billion since 2016. It is no surprise that cybersecurity experts believe phishing to be a longstanding issue and likely to increase in the future.
By establishing themselves as a trustworthy and legitimate entity, the hackers can gain information or access into the systems for further exploitation. Sometimes the phishing attack itself neither harms your system nor benefits the threat actors, but what follows it can damage your data and reputation. A successful phishing attack is at times followed by other attacks, such as malware and ransomware, that can harm your system and yield financial gains. In order to lure their victims into divulging sensitive information such as username, password, credit/debit card details, or compelling them to perform financial transactions. The hackers use different digital and telecommunication modes such as email, phone calls, SMS, and other channels.
Types of Phishing Attacks
Hackers use different phishing techniques through various modes of communication, i.e., digital or telecommunication. The prominent type of phishing attacks could be classified as -
8 Tips to Avoid Phishing Attacks
The first step towards mitigating phishing attacks is training and awareness. Individual users and employees of the organization should be able to understand the difference between authentic mail/call and phishing. Awareness about phishing methods and precautions could help users and organizations mitigate breaches. Mitigation awareness that could be used are:
Incorporate OhPhish Solutions in Your Cybersecurity Infrastructure
Though awareness could help, to some extent, organizations and their employees need to have experience and practical knowledge of dealing with phishing attacks to mitigate threats in a better way. This is possible through OhPhish's simulation-based training, phishing security test, and awareness programs that stress SMS phishing simulation, voice phishing simulation, and email phishing simulation individually. OhPhish provides tailored solutions for your business, depending upon the scale and requirement of your business operations. Some of the important features of OhPhish solutions include:
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Q. What is spear phishing?
A. Spear phishing is a targeted attack that researches the victim before sending a personalized message or email.
Q. What is whaling?
A. Whaling is a spear phishing attack that targets a probable victim who could yield larger financial gains. For example, senior executives and other high-profile professionals with a higher level of trust, access, and authority within an organization.
Q. What is email phishing?
A. Under the pretense of a false domain, perpetrators send out thousands of emails to innocent customers from seemingly-trusted sources.
Q. What is a phishing scam?
A. Phishing scams attempt to get users to divulge personal information such as login credentials, bank details, or credit card numbers.