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What Makes Phishing Attacks So Risky?

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Ariya Rathi
What Makes Phishing Attacks So Risky?

To increase the efficiency of their attacks, phishers spend a great deal of time studying their pray and only then attack, to ensure the attack’s success. Phishing attacks can be extremely targeted, well thought of and include a hefty amount of research work behind them. Organizations must deploy anti-phishing solutions to protect employees and their businesses against today’s phishing attacks. Organizations must deploy anti phishing solutions to protect employees and businesses against today’s phishing attacks, which can be extremely targeted, well thought of and researched. Attackers spend a lot of time studying their prey and only then attack to ensure success. Phishing attacks are risky even today because they are extremely targeted, well thought of, and include a hefty amount of research work behind them.


 Attackers spend a lot of time studying individuals, organizations and processes before executing the attack to ensure their success. Many organizations are concerned about the potential damage of a data security breach. Beyond the potential roadblocks to revenue and recovery, failing to protect sensitive customer information can result in irreparable harm to company brands and reputations. As such, companies focus on maintaining strong security processes and practices.


However, employees acting on malicious emails is still their biggest vulnerability, and phishing attacks are one of the most common ways hackers access corporate networks. Phishing attacks cost organizations millions of dollars--and include more specific types such as BEC and impersonation attacks which can be extremely sophisticated. One example of a recent BEC attack is the Florentine Banker Group case that our own CPR revealed earlier this year: a meticulously designed phishing scheme involving forged email and documents. phishing is some serious stuff.


It can cost organizations millions of dollars, and cause major security headaches. Specific types of phishing attacks such as Business Email Compromise (BEC) and impersonation attacks have become extremely sophisticated. Take a look at the Florentine Banker Group case that our own CPR revealed earlier this year, which went down in scarily meticulous fashion. Phishing attacks may can come from different attack vectors, most common one being email. Another common attack vectors are phishing sites and text messages, usually aimed to stealing credentials in order to perform Account Takeover, which can lead to devastating results such as data loss, fraudulent money transfers and more. Phishing attacks can come from different attack vectors, such as email, phishing sites and text messages.


The most common attack vector is email. In the case of phishing emails, users are presented with a message which entices them to follow a link that takes them to a phishing site that resembles their bank’s website. Phishing attacks are one of the most common and widespread types of online fraud. They can be delivered in multiple ways including email, text messages or via fake websites that are created for this purpose.


Their goal is to steal sensitive information such as credit card information, passwords and more, which can then lead to Account Takeover and other costly losses for organizations and individuals. Since phishing attacks are designed to exploit human nature and target specific employees, it is extremely important for organizations to educate their employees on what these attacks look like and empower them with the knowledge they need to identify a potentially harmful message. However, in this era of remote work where employees receive much more emails and messages than they can deal with, let alone recognize a sophisticated attack, anti-phishing technology solutions are also needed to prevent these attacks from ever reaching employees. The human nature makes us vulnerable against phishing attacks.


They are designed to take advantage of the busy and distracted employees, who are eager to get tasks at hand done. Given they quickly read through emails and messages, there is a big chance they will miss warning signs that something isn’t right. The biggest danger of phishing is how simple and easy it is for attackers to execute one.


While most businesses are aware of it and take precautionary measures, it's important to do more than just train your employees. Retraining should be done regularly, but it's not enough to prevent these attacks. By combining technology and education into an anti-phishing policy, you can make a much bigger impact on your organization’s abilities in the face of this threat.


Check Point’s anti-phishing solutions includes different products to address different attack vectors from which phishing attacks come – email, mobile, endpoint and network.


·     Anti-Phishing for Office 365 & G Suite with Email & Office

·     Granular Visibility into Phishing Attacks

·     Anti-Phishing for Mobile Devices


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Ariya Rathi
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