One of the latest scams to steal your money, your identity and your confidence is CEO fraud.
CEO fraud, also known as business email compromise (BEC), is one of the most common forms of business email fraud.
It’s a scam where criminals impersonate an executive at your company and request that you wire money or transfer funds to an account under their control. CEO Fraud is a huge problem and it only takes seconds for someone to intercept an email and make it look legitimate.
In today’s digital age, phishing emails are one of the most common ways malware and viruses are spread. While most people are familiar with phishing scams, phishing emails are a little different than other types of scams.
Not only do phishing emails interact with users through spam mail or phishing emails sent to their inbox, but they also often carry malicious attachments or links that direct users to sites infected with malware or viruses. Phishing emails are spread through spam emails and spam messages. So ensure appropriate phishing protection solutions when you are online.
Spear phishing, or targeted phishing, is an email scam aimed at a specific individual or company. These messages often pretend to be from a legitimate company or organization (such as your bank or internet service provider), and senders use personal information to gain access to accounts.
Spear phishing can be particularly dangerous, since the scammers generally know how to blend in, and their messages are crafted specifically to be convincing. Here are helpful tips for spear phishing prevention: (more…)
As malicious actors develop increasingly sophisticated attack vectors, enterprises and organizations need to draw a strong line of defense against such threats. While phishing happens to be one of the oldest tools to inflict cyberattacks, TrickBot phishing is a comparatively newer malware that first gained visibility as a simple banking Trojan. Over the years, TrickBot has evolved significantly to remain a threat to organizations. Its adaptive and modular nature makes it one of the most significant attack vectors. The latest version can check the screen resolution of the targeted devices to look for virtual machines. Nevertheless, you can combat the challenge with proper anti-phishing solutions in place, along with training your employees.
Credential stuffing is a phishing attack in which threat actors use the credentials obtained from a data breach to log in to another unrelated service. For example, an attacker may use a list of passwords and usernames that he got from a breach of a department store and use these login credentials to log in to the website of a national bank. The malicious actors work on the notion that a fraction of department store customers also have a bank account and use the same login credentials for both services.
The increasing trend of cyber-attacks and the lack of adequate cyber readiness dictate that organizations should improve their security posture by alerting their users about various types of phishing attacks, the methods malicious actors use, and the consequences of a successful attack. Solutions to improve phishing awareness start by educating users about what communications and media are used in a phishing attack, what to look for in a social engineering attempt, and how to spot a scam from a distance. Phishing simulation campaigns go a step further by helping employees become more alert to phishing attempts by going through mock-phishing attempts.
Less than a month ago, Microsoft exposed a well-organized operation that provides a one-of-a-kind, DIY phishing-as-a-service (PhaaS) product to malicious actors. This product includes phishing kits, hosting services, and templates to create and develop customized phishing campaigns. This ‘BulletProofLink’ (also referred to as BulletProftLink) operation was first discovered in 2020, yet it continues today.
Machine learning is one of the critical mechanisms working in tandem with Artificial Intelligence (AI). It is based on algorithms focused on understanding and recognizing patterns from enormous piles of data to create a system that can predict unusual behavior and anomalies. It evolves with time while learning patterns of normal behavior. These characteristics make it helpful in identifying phishing emails, spam, and malware.
With threats such as ransomware, phishing emails, and malware constantly lurking in the dark, cybersecurity experts are always at war against those waiting to exploit uneducated victims. Since the first phishing attack in the mid-1990s, it has evolved into a highly sophisticated and most frequent attack vector leading to fraud activity. Enterprises need to fundamentally change their approach to cybersecurity and align their budgets with the newly defined reality. As per a report, cybersecurity expenditure will touch approximately $6 trillion by 2021 globally.
Today’s cyber adversaries don’t merely rely on computer viruses and worms to target an individual digitally but make use of sophisticated social engineering (phishing) techniques to rob the end-users of their PII (Personally Identifiable Information) and other confidential information. And businesses are no different, especially online businesses such as e-commerce; they are more lucrative targets for them. Their modus operandi includes masquerading themselves as authorized entities, sending out fraudulent emails, text messages, or even making phone calls to lure customers and clients and mislead them into divulging sensitive information. Here’s how these threat actors target e-commerce businesses.
With the fast pace of digital transformation today, businesses don’t have much choice other than doing all their transaction processing online, including the creation, storage, and retrieval of documents and records. According to a study conducted by Berkeley’s School of Information Management, University of California, organizations create more than 93 percent of their corporate data electronically. In such a scenario, the need for protecting your electronic records against social engineering attacks like phishing, vishing, spear phishing, SMiShing, etc. is of the utmost importance for any organization. This is the reason all the organizations today are now trying hard to implement a Cybersecurity framework that also encompasses anti-phishing techniques and deploy phishing protection control measures to safeguard their information assets.
A study by Forbes concluded that there could be up to 3.1 billion domain spoofing emails being sent daily. The most common understanding of spoofing is associated with email spoofing. However, domain spoofing is a more significant threat to organizations. Furthermore, many organizations are unaware of how it can hurt business and how anti-phishing solutions and anti-ransomware solutions can protect them from spoofing.
In the highly digitized world, phishing attacks continue to jeopardize global organizations, targeting their employees. Considering humans to be an easily accessible line of defense when it comes to cybersecurity, awareness among staff is the need of the hour. When one finds one of the machines or systems vulnerable, one proactively fixes the issue. The same applies to employees who are humans. Besides deploying innovative anti-phishing solutions, one needs to deploy a good cybersecurity awareness program to prepare employees to mitigate attacks.
It is a well-known fact that most of us in this digital era leaves behind our track or digital footprint online. While we don’t often get into troubles for doing so, our digital trails may be all that is needed by savvy scammers to get the better of us. There’s a scam operation called spear phishing that relies on information that is available online about a person or an organization to take advantage of them and to obtain illegal gains from them.
Phishing is a kind of cyber-attack that is increasingly growing in popularity among hackers due to its simplicity of use and high potential rewards should the attacks prove to be successful. Phishing is usually done via email, popup ads, or even calls and involves deceptively fooling users into taking some action that ends up compromising them.
Though phishing has its origins in the mid-1990s, it has gained tremendous relevance today. The entire business world relies on email as its prime communication channel. As email traffic has increased over the years, so have phishing attempts. Hence, it becomes essential for IT and Email admins to be constantly on their toes and keep employing innovative strategies to keep phishing at bay. The following Email Security and Phishing Safety Guide endeavors to touch upon these aspects.
The effects of the Covid-19 Pandemic have drastically altered the way the world functions. Social distancing and lockdowns had to be exercised to curb the spread of Coronavirus. 91% of the world’s population were restricted from movement due to the lockdown as organizations shut down workplaces. However, they continued their operations to stay in business and out of bankruptcy. (more…)
Cybercriminals invade into your enterprise’s information systems and figure out new ways and new vulnerabilities to execute more sophisticated phishing attacks. Human, time and again have proved to be the weakest link in the security chain before organizations take some preventive measures to stop phishing.
‘Anti Phishing Services’ are used to prevent phishing attacks against the individuals, systems or organizations.
Cybercriminals use malicious social engineering techniques to extract information from unsuspecting users, to launch phishing breaches. Website email scams and phishing email scams are the two most common methods used by attackers. A 2020 phishing attack survey by Greathorn reveals that IT leaders were remediating 1,185 phishing attacks each month, that’s an average of 40 each day! To help business leaders get a peek into the havoc these phishing attacks can cause, we have compiled a list of the five deadliest phishing attacks of the 21st century.
A Microsoft report points out that there has been a 35% rise in phishing attacks. And that was not even the holiday season. Black Friday and Cyber Monday have shown around a 28% rise in online sales year after year. As promotions fill people’s inboxes, phishing agents also find it an opportunity. It gives IT security specialists a hard time. They would begin to lure the individual with enticing emails and spoofed offers. It causes the unsuspecting user to click on spurious links and share their financial credentials.
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