A thief is using a phishing email to steal a credit card.

Phishing Attacks Impacting Nearly One-Third Of Organisations

Phishing attacks present a substantial cybersecurity threat, and it’s essential to protect against these threats continuously. As the work environment continues to evolve, it’s crucial to adapt and enhance security measures to safeguard against these evolving threats.

As per Splunk’s The State of Security 2022 report, the number of remote users supported by IT and Security teams has more than doubled since pre-pandemic times, with 46% of users being remote today compared to 21% earlier.

This increase in remote users requires enhanced security measures to protect against potential cyber threats.

Jamf Threat Labs’ latest report delves deeper into the prevalent security threats faced by modern workplaces. The 2023 Security 360: Annual Trends Report analyses the threats that impact the devices used in the workplace, featuring information gathered from the study of security trends across 500,000 devices in 90 countries, protected by Jamf, over a period of 12 months.

The report provides essential insights into the changing cybersecurity landscape, which can help organisations implement effective security measures to protect against potential cybersecurity threats.

The latest report affirms that some of the commonly known poor security practices persist. As per the report, 16% of users regularly compromise confidential or sensitive data by sharing it over unsecured Wi-Fi hotspots.

This underscores the need to adopt robust security measures and educate employees about safe cybersecurity practices to prevent data breaches and other potential security threats.

Cybercriminals are taking advantage of the cost-of-living crises that are affecting economies worldwide to launch phishing campaigns. This makes it imperative for individuals and businesses alike to remain vigilant and implement robust security measures to protect against such threats.

Phishing attacks continue to be the most prevalent form of cybercrime. As per the latest reports, 83% of UK businesses that experienced a cyberattack in 2022 confirmed that the attack was a result of phishing.

In the UK, scammers have impersonated Ofgem, the energy regulator, to obtain financial information from unsuspecting victims. In response, Ofgem has contacted all energy suppliers in the UK, requesting them to update their websites with information about the necessary actions customers should take if they encounter such scams. Such initiatives help in creating awareness and building resilience against phishing attacks.

LinkedIn, the popular social networking platform, has over 850 million users across 200+ countries and regions. Its vast user base makes it an attractive target for email phishing attacks.

In Q1 2022, LinkedIn was the most popular cover for phishing emails, with a click-through rate of 42% among social media emails. In comparison, Facebook only accounted for 20% of clicks and Twitter for just 9%.

Cybercriminals are using senior staff impersonation tactics to trick employees into revealing personal information. Additionally, they may ask employees to purchase gift vouchers like iTunes or instruct them to call a specific number to discuss job-related requirements.

Modern cybersecurity systems, including SIEM, are capable of actively scanning networks to identify signs of intrusion before they can cause harm. This has prompted cybercriminals to create more complex methods of delivering malware to evade detection.

Phishing remains the primary means of delivering ransomware to organisations. A study conducted in 2022, which analysed 1,400 organisations, discovered that 88% of those that had reported a significant increase in email threats had fallen victim to ransomware attacks.

It is clear that there is a serious link between these two types of cyberattacks, as compared to the 65% who faced ransomware without a related increase in cyberattacks.

Cyberattacks are growing risky as hackers develop new methods for breaching security systems. Phishing continues to be a risky and successful attack because of this.

Phishing attacks are on the rise, and it is important to protect your organisation. One effective way to do this is by increasing user awareness about these types of attacks. Phishing Tackle is a great resource that can help you in this regard. They offer a free 14-day trial to help train your users to recognise and avoid phishing attacks.

Although technology can be helpful, it cannot spot 100% of phishing emails. Therefore, user education is crucial to minimising the impact of any successful attacks. Consulting with Phishing Tackle can provide valuable insights and tools to help you strengthen your defences against phishing attacks.

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