Phishing is one of the most common modus operandi (MO) used by cybercriminals. Fortunately, with a bit of cyber awareness you can greatly reduce the chances of your business falling victim.
There are several forms of Phishing attacks ranging from the most common form which is Deceptive Phishing to more advanced versions such as Pharming where they manipulate a DNS server and alter the IP address associated with a website.
Phishing is the most common threat faced by businesses of all sizes. In 2017 Phishing scams cost US businesses half a billion dollars and 76% of information security professionals revealed that their organization experienced phishing attacks. *
Fortunately, with a bit of cyber awareness (think Cyber Essentials), you can greatly reduce the chances of your business falling victim to them. As people become savvier at spotting phishing emails, scammers are constantly adapting their tactics.
Spear phishers attempt to find out as much about their targeted victims as possible. They will most likely know your email address and perhaps a little bit about your personal life. They do this by scouring the internet for information in a tactic called Social Engineering.
Imagine all of the things you’ve posted on social media over the years; if your social media accounts are wide open, then a phisher can easily find out a lot about you. They can easily learn who your friends are, what businesses you use and the things you like.
Spear Phishers are likely to send their victim's personalised emails that are associated with either someone you know or perhaps a company you’ve done business with. Because the email appears to be from someone you know, you are less likely to be vigilant, giving them exactly what they want. If you receive an email that claims to be from a colleague or superior asking for urgent action to be taken; cybercriminals are betting that you will feel pressured to act before thinking. Always check with the person the email claims to be from to make certain it is legitimate.
For more advice on Phishing check out https://www.ncsc.gov.uk/blog-post/announcing-ncscs-new-phishing-guidance
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