Unfortunately, phishing attacks continue to increase exponentially in volume and are considered a serious threat to both companies and individual internet users since they can result in devastating financial losses. In addition, phishing emails can be much harder to recognize than many business owners think.
Cybercriminals have resorted to increasingly sophisticated phishing strategies as of late to get recipients to open, click, and share malicious code. And these tactics are paying off handsomely. Business email compromise (BEC) scams are more successful than ever, with losses reaching $2.7 billion in 2018.
Here are some common phishing trends that business owners should know about and tips for educating employees about them:
Phishing Emails typically consist of emails that seem harmless but are actually intended to trick users into sharing sensitive information. This is often accomplished by encouraging the user to click on a malicious link or attachment. Phishing emails get their name because the hackers are "fishing" for your personal information.
Most phishing emails appear completely legitimate, often by imitating a company's logo using high-quality graphics and including opt-out instructions. For this reason, it's quite common for recipients to be fooled, and even large companies have fallen prey to these scams. SiteLock has published a round-up of some recent phishing examples to demonstrate the prevalence of these scams and how to protect against them.
There are many different techniques hackers use to launch a phishing attack. A few of the most common ones are provided below:
Although phishing emails often mimic actual companies and vendors, there are ways to detect them. All small business owners and employees should be aware of the following red flags that indicate a possible phishing email:
Phishing scams remain a very common type of cybercrime, and can cause major financial losses to individual users and companies. And phishing emails are much more sophisticated these days, making them harder to detect. If you're a business owner, it's essential to be aware of common phishing techniques and red flags and to educate your employees on them. By doing so, you can help protect your company from financial losses and other serious consequences of phishing.
Learn More About VINYSOFT:
Founded in 2015, VINYSOFT is a Canadian-based software development company that provides businesses worldwide with custom technology solutions and beyond technology. As a custom software development company with skilled software developers, VINYSOFT combines technological and business experts with experience and passion for excellence to deliver enterprise-grade solutions. VINYSOFT is a true and seamless front-end to back-end technology partner, helping your business accelerate the development of websites, web-based applications & mobile apps with on-demand developers that focus on moving your business forward. A team that breathe life into your idea.
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