Phishing – What is Phishing and How Does it Affect Your Business?
Phishing is a type of malicious activity that involves sending out fraudulent email messages in the hope of gaining access to personal and confidential information. This type of cybercrime is becoming more sophisticated and costly with every passing day, posing a serious threat to the integrity of businesses around the world.
Business Email Compromise (BEC)
BECs are malicious emails that pretend to be from a legitimate business like a bank or credit card company and request you to provide personal information or update your account details immediately. This form of phishing is a common way that hackers gain access to sensitive data, such as credit card and banking information.
Spear Phishing
Spear phishing is a more targeted version of business email compromise, targeting specific individuals within an organization to extract sensitive information or gain access to an internal network. This type of phishing may also be used to launch a denial-of-service (DoS) attack or a malware installation.
Search Engine Phishing
A relatively new type of phishing, search engine phishing allows criminals to lure users into visiting a fake website that looks similar to a popular site. Once the user enters their credentials on the fake site, they can be redirected to a hacker’s web server where they can download malware.
Phishing is an important issue for businesses and should be addressed by all employees. Effective layered mitigations can help protect a business against phishing attacks.