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Phishing is a sneaky trick that cybercriminals use in email, over the phone, on social media and even in text messages to lure you into sharing sensitive information or installing malware. Whether they’re targeting you as an individual, your business, or large corporations, they use a variety of deceptive links, attachments and cloned websites to get you to reveal login credentials and other confidential data.

They’re always mixing it up, too – faking logos and emails, making their sites look just like the real thing and using your personal details to make you think they’re legit. They’re also coming at you through new channels, including voice phishing (vishing) via phone or text, and spear phishing which targets specific individuals such as administrators.

Accounting professionals are particularly susceptible to phishing attacks, especially during high-risk periods, such as end of year holidays or tax-related deadlines. They should continue to follow threat prevention best practices throughout the year, but be extra vigilant during these high-risk times. Always scrutinize emails and be wary of any requests for sensitive information or urgent action, even if the request is from a known contact. Verify requests through a separate channel to ensure their authenticity.

With phishing techniques becoming increasingly sophisticated, it’s essential for businesses to deploy a combination of user awareness training, layered security, and expert support to prevent cyberattacks. Magna5 recommends educating employees on recognizing red flags of suspicious messages and requiring them to use a second factor, such as a password or security token, to access business data. Educating them to hover over links and avoid clicking suspicious ones, ensuring the message contains proper grammar, and never opening attachments without first scanning them with antiphishing tools are additional key measures.