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Overall cybercrime has been steadily increasing each year, but phishing risk has increased exponentially in the past years. Out-of-control world events, economic challenges, technological advancement, and Dark Web growth have all come together to create ideal conditions for phishing-related cybercrime to thrive – and cybercriminals have been quick to capitalize on that opportunity.
Why Phishing is on the top of the list?
More than 60% of cybercriminals use phishing as their primary form of attack. Why? Phishing is cheap and effective. Not only is it the perfect weapon to use against businesses in general, but it’s especially effective against companies that are supporting a remote workforce and relying on email as their primary form of communication.
Phishing is today’s biggest cybersecurity threat. Just one attack can devastate a company – and the chance of a business experiencing a phishing attack has never been higher.
Phishing includes:
- Credential Theft
- Social Engineering
- Spear Phishing and Whaling
- Business Email Compromise (BEC)
- Ransomware and Malware
- Smishing and Vishing
Phishing attacks statistics:
- More than 60% of cybercriminals use phishing as their primary form of attack
- Over 80% of all cyberattacks are phishing based
- A new phishing attack is launched every 39 seconds
- 90% of incidents that end in a data breach start with a phishing email
- The average duration of business interruption from a cyberattack has increased by around 50%
- Ransom payment demands increased by more than 30% in the last 12 months
- In a year-over-year comparison, downtime costs from cyberattacks have climbed by 75%
- More than 60% of the data available on the Dark Web can harm businesses
- 43% of remote workers have made cybersecurity errors that endangered their company
- An estimated 55% of remote workers rely on email as their primary form of communication
Rapidly growing cybercrime risks are not slowing down, especially now that more businesses were able to get back on their feet after the devastating pandemic and some have continued embracing the remote working setup. Having the right tool will empower your company to mitigate phishing threats and transform your employees into your biggest cybersecurity asset. Paul General - CEO/Cybersecurity Specialist and his team at General Technologies can provide you with the program that best suits your company's needs in terms of cybersecurity.
Start creating your cyber strategy NOW! Contact us to learn more.
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Business owners and their employees need to be aware of phishing as it is one of the most common threats in today’s digital landscape. In everything you do online, always keep in mind that phishing may be lurking “just around the corner” of your computer. Think before you click! Be observant so you can spot phishing emails before it's too late.
What is Phishing?
Phishing refers to an attempt to steal someone’s confidential information. Typically credentials, bank account details, credit card numbers, SSNs and other related personal information is what they are after. If you fall victim to phishing attacks, cybercriminals can gain access to your personal accounts, steal more of your data, and wipe out your bank account.
Adding layers of security will go a long way in protecting sensitive data. We have tailored 6 basic tips in spreading Data Phishing Awareness:
- Verify sender information: Check the sender's email address for legitimacy. Be cautious of emails from unknown or suspicious addresses.
- Use two-factor authentication: Enable 2FA for added security on your accounts.
- Educate yourself and others: Learn about common phishing tactics and share tips with friends and family.
- Don't click unknown links: Avoid clicking links or downloading attachments from unfamiliar sources.
- Beware of urgent requests: Be wary of emails or messages that create a sense of urgency and pressure you to act quickly.
- Report suspicious activity: If you suspect phishing, report it to the right authorities promptly.
The saying "Prevention is better than cure" applies to protecting your sensitive data. Putting together different tools and programs is crucial in preventing cybercriminals from getting into your network. Paul General, CEO and Cybersecurity Specialist of General Technologies has witnessed different damages caused by phishing attacks. Our team can help your organization mitigate the risk.
Plan ahead and start your cyber strategy before it’s too late!
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