How to Keep Your Business Safe From Phishing Scams?
Business organizations are increasingly being targeted by phishing activity, with over 88% of them reporting phishing attacks, and 32% of them confirmed data breach. Hackers often lure the target into clicking on a link, visiting a website, opening a malicious attachment, or providing personal/financial information.
Phishing can be defined as the use of digital and telecommunication means to commit cybercrime. It is executed by using various technological modes such as e-mail, text messages (SMS & chats), call, etc. to lure victims into revealing personal or sensitive information. Phishing attacks can be classified as two types, one that steals information and others that deploy malware; hence, it could be considered the initial step in a sophisticated breach operation. Malware that follows a successful phishing attack either further extracts detailed information (spyware) or causes significant disruption to systems (ransomware).
Is Phishing a Concern for Your Organization?
Yes, businesses of all scale (small, medium, and large) are affected by phishing attacks, the obvious reason being financial gains obtained through this process. Suppose a hacker is able to intrude on an organization's IT infrastructure. They can then deploy malware to encrypt or exfiltrate data that could be either sold on the dark web to competitors or back to the organizations they stole from in exchange for ransom.
Studies have reported that since the exponential rise in phishing attacks since 2019, 71% of these attacks were financially motivated, and business organizations lost more than $1.7 billion to phishing in the year 2019 alone. Though the primary mode of phishing attacks on any organizations involves the use of e-mail (i.e., system-based attack), with the development of mobile applications and its incorporation in an organization's digital infrastructure, mobile-based phishing attacks are on a continuous rise, with surveys reporting 57% of their surveyed organizations to experience mobile-based phishing attacks in the year 2019.
Types of Phishing Attacks Experienced by Businesses
E-mails, calls, and messages form a large part of organizations' operational process (especially IT organizations), with some departments such as marketing, being completely dependent on them. As organizations send and receive hundreds of e-mails every day, it should not come as a surprise that 94% of malware is delivered by mail. Phishing attempts made towards any business organizations need to be carefully measured as organizations have a better security feature to combat cyberthreats. Hence, the hacker has selected modes, as listed below.
Phishing Solutions That Organizations Can Implement
The prevention and mitigation of various types of phishing attacks could be done in two ways, i.e., and organizations could incorporate advanced anti-phishing software and solutions throughout their digital network or train their employees on how to identify and respond to phishing attacks. Though many organizations have appropriate spam filters or related software installed on their systems, basic filters are pretty much ineffective against customized phishing attacks such as spear phishing or whaling. Similarly, only theoretical knowledge about these attacks may not be entirely sufficient. Even if your employees know about different types of phishing and how they are, whether they could differentiate between an authentic mail and phishing mail is very much dependent on their experience of dealing with phishing e-mails. Thus, it is important for organizations to ensure that their employees have practical experience of dealing with phishing attacks, which is only possible through simulation-based training and awareness programs.
OhPhish Phishing Solution
OhPhish provides a holistic phishing solution that involves training and initiating phishing simulations that mimic real-life attack scenarios. By sending phishing e-mails to your employees, you can gauge their level of susceptibility to phishing attacks and train and improve their understanding and awareness. As your employees could be considered the first line of defense and the weakest link in the cybersecurity chain, OhPhish simulation involves a wide range of customizable features for a thorough understanding of their employee's security awareness. Prominent OhPhish features include:
Q. What are the different types of phishing scams?
A. There are multiple types of Phishing attacks like Email Phishing, Spear Phishing, Whaling, Angler Phishing, Smishing, and Vishing.
Q. How to avoid phishing scams?
A. The prevention of Phishing for a non-technical person is improved with anti-phishing education and awareness provided by many reputable organizations such as OhPhish.
Q. Is an anti-phishing solution free?
A. EC-Council makes their Anti-Phishing Solution, OhPhish, Free for 30 days to Help Protect Teleworkers and Businesses.
Q. What is USB baiting?
A. Under physical media, baiters can leave an infected USB flash drive at an employee’s desk, labeling it as “Executive Salary Summary.”