Sorry, the language specified is not available for this page

    Phishing Attack Cartoon: How to Avoid Taking The Bait

    January 28, 2021

    op-phishing-attack-cartoon-3090x2340

    $145 million.

    That’s how much Americans have lost to COVID-19-related fraud as of September, according to data from the Federal Trade Commission (FTC). And the U.S. isn’t alone.

    Per numbers released back in April from Action Fraud – the center that reports the UK’s fraud and cybercrime – victims have lost more than £2 million from 862 known coronavirus-themed scams, phishing emails and other forms of fraud in the UK alone.

    Phishing emails have been on the rise since the start of the pandemic, as bad actors look to capitalize on the fear, stress and sudden changes in global working environments. Yet, while COVID-19 has contributed to the uptick in phishing attacks, it's not exactly a new problem.

    In both 2018 and 2019 phishing attacks were used as the entry point for one-third of all attacks, per IBM X-Force. According to the Verizon Business 2020 Data Breach Investigations Report, 33% percent of breaches in North America were linked to phishing.

    The reality is that phishing emails remain the most common way for hackers to gain access to a company’s network. Now, more than ever, employees must stay vigilant, so they don’t fall hook, line and sinker.

    How can you educate employees to recognize phishing attempts and avoid becoming the next victim? Prioritize security awareness education.

    Start by teaching workers to recognize the signs that a message might not be genuine. Spelling mistakes, poor grammar, topics like unpaid invoices and login troubles, or a time-sensitive matter like open enrollment, are all indications of sketchy intentions.

    Employees should also be on the lookout for pretexting – when a bad actor tries to impersonate someone they know in order to gain access to personal information. This could be an individual pretending to be a supervisor, coworker or even tech support.

    Conduct regular training sessions with your employees and emphasize these concepts and the need to stay on top of the current threat landscape.

    There are a lot of bad actors out there – and even more targets primed for the taking. Companies are confronting almost 1,200 phishing attacks each month – an average of 40 a day – per a survey from GreatHorn. If you can’t discern the legitimate messages from the devious ones, it won’t be long before you take the bait and fall victim to phishing.

    Other Posts You Might Be Interested In

    3 Best Practices For Migrating To a New Cloud Platform

    The dreaded “end of life” (EOL) scenario. It’s not exactly music to one’s ears. It’s the flashing neon light that essentially reads, “It’s time to make a change.” Learn More

    The Future of Workplace Recovery: Introducing Greater Flexibility to Sungard AS Workplace Services

    2020 was one of the most challenging years in living memory. Despite things beginning to look brighter in 2021, many of the same challenges exist, and demands on businesses... Learn More

    COVID-19’s Impact On Digital Services and How We Work: The Blind Spots That Businesses Need To Prepare For

    Reliance on technology has never been higher than during the pandemic. Ninety-three percent of Americans are currently using digital services and nearly all of those (95%)... Learn More