Print

The volume of malicious cyber attacks is increasing every year

12. 09. 06
posted by: Rick Ewart
Hits: 650

Data breeches can not only cost hundreds of thousands of dollars, but result in lost productivity as staff deal with resolving the issue. In the private sector, customers can quickly lose confidence in the ability of an organization to protect vital information, and take their business elsewhere

The volume of malicious cyber attacks is increasing every year. Although many companies use the latest network security systems, they aren’t immune to the hackers’ favorite strategy — social engineering. Unlike malware, social engineering tricks people into volunteering sensitive data. Here’s what you should know to protect your business

Phishing

This is the most frequently used social engineering attack, especially against small businesses. Check out these frightening statistics:
•Kaspersky Labs revealed that its anti-phishing system prevented more than 107 million attempts to connect users to malicious websites in just one quarter of 2018.
•Barkly added that 85% of companies have fallen prey to this nefarious scheme.
•And PhishMe reports that the number of these scams is growing by at least 65% per year.

How is phishing carried out? Criminals make use of emails, phone calls, or text messages to steal money. Victims are directed to phony websites or hotlines and are tricked into giving away sensitive information like names, addresses, login information, social security, and credit card numbers.

To protect yourself, be wary of emails from people you don’t know that offer you a prize, come with attachments you didn’t request, direct you to suspicious sites, or urge you to act quickly. Phishing emails usually appear to come from reliable sources, but they are wolves in sheep’s clothing.

One of the most infamous and widespread examples of phishing was during the 2016 Summer Olympics in Rio, where victims received fraudulent emails for fake ticketing services that stole their personal and financial information.