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Why is it Necessary to Protect Businesses Against Phishing Attacks?

Enterprise Security Magazine Europe | Thursday, July 16, 2020

Digitalization is also paving the way to increase phishing attacks, which is why the companies must upgrade their current security alarms and prevention to a comprehensive set of tools and techniques to help them identify and neutralize phishing attacks in advance.

FREMONT, CA: Cybercriminals who use phishing as their attack method of choice using various tricks and techniques to attract their unsuspecting victims into revealing private information. The primary strategy is to create an email or other communication that utilizes a company, brand, or product that has some interest to the recipient. Cybercriminals are making use of some of the world's largest tech companies to trap users with tech brands.

Cybercriminals are using phishing kits to carry out their invasion. Such packages are readily available for sale on the Dark Web and offer anyone with the necessary software and tools to take initiatives and manage a phishing campaign. These kits are also available in various variants based on the possible targets and evasion methods. Many kit developers even operate the phishing as a service (PaaS) businesses by extending an admin panel that includes all the functions and services for buyers to launch an attack.

Below given are some of the steps to take to protect the businesses from phishing attacks.

Awareness

The management should train their employees to spot and report the basic and generic phishing attacks. Anyways, is is not considered as a silver bullet. Cybercriminals have updated and learned their mode of invasion and have started to adapt to basic awareness training models. Targeting the natural workflow of the intended victims is how the phishers can launch more business email compromise (BEC) attacks.

Something from other Companies

Institutions whose customers are targeted in phishing attacks may have published their warnings and words of wisdom. Some of the phishing attacks are very loud and very easy to spot, but as the attacks expand beyond mails, new kinds of attacks can come from people and places trusted by the victims. So, the companies must be aware of which form and where the attack can occur and how it can be contained.

Phishing Simulations

Phishing simulations can help organizations to protect themselves better and minimize the odds of a security incident. However, such simulations can be customized to the individual or business unit. The simulated phishing email can include a local restaurant or retailer's award instead of spoofing a prize randomly from an anonymous company.

See also: Top Enterprise Security Companies

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