Phishing is a social engineering attack used to obtain sensitive information, such as login credentials and payment details, from users. It happens when an attacker, posing as a trusted source, dupes a victim into clicking on a malicious link or downloading a spam file sent over email, text messages, phone calls or social media. If you fall into this trap, you could end up with malware, system slowdowns and sensitive data loss, among other things.
The term phishing is one of the most reviled in today’s digital landscape and is a significant concern for executives. It’s no surprise that the word is frowned upon when the attack vector is responsible for more than 20% of data breaches. (Source: Verizon DBIR)
Phishing attacks can be severely damaging for people and businesses. While individuals are affected by illicit purchases, financial fraud or identity theft, a company that is the victim of such an attack, in most cases, suffers severe financial losses as well as a loss of market share, reputation and stakeholder trust.
An unfortunate reality regarding phishing is that the attack vector is becoming more sophisticated and frequent with each passing day.
Why Phishing Attacks Are Becoming More Frequent
Threat actors have recently targeted businesses via the website contact form, pretending to be legal authorities, saying that the company is not complying with the law and asking the organization to download a “report.”
How Can Businesses Prevent Phishing Attacks and Stay Safe?
To avoid falling victim of a phishing attack, all small and midsize businesses (SMBs) must be constantly vigilant. To keep your business safe, you must:
Trying to guard against phishing attacks on your own takes a lot of effort and resources, especially if you’re running a business. Collaborating with an expert like us relieves you of additional concern and responsibility. Contact us today to set up a consultation and we’ll handle the heavy lifting for you.