Understanding Phishing Attacks & Taking Action

By Author: Alice Coope
Total Articles: 213
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The prevalence of online trade and commerce has been adopted by consumers and criminals alike. Phishing is all about robbing customer’s personal identity information and other financial details. Social engineering’s ploys make use of duplicate mails claiming to be from authentic business sources. These direct customers to fraudulent websites and then compel them to part with their private details. Technical-subterfuge schemes plant crime-ware on personal computers to take away credentials directly. This is more often used to rob an organization’s or consumer’s sensitive information.

Losses owing to Phishing Attacks

Phishing attacks are a major threat to data security for companies. At the same time, the data theft leads to revenue losses, brand erosion and loss of brand value. People tend to loose their confidence on such companies. There has been some progress done to detect threats and create measures. At the same time, there has been an increase in the types of attacks. Today, social engineers have come up with complicated and sophisticated phishing attacks ...
... that can trick a novice easily. They come in the form of persuasive mails and prize winning notifications and takes away crucial data in a thrifty manner.

However, data security and brand erosion is not the only loss that organization’s face during phishing. There are times when a phishing program can corrupt the entire computing system or device making an employee unable to work. Furthermore, if the computers are connected to each other then a set of employees are unable to work until there is any remediation to this effect. As a result it reduces the level of productivity as well.

The generic anti-phishing programs only serve to address the problem superficially. The securities provided assess the attack superficially and is unable to treat the complex attack programs. Therefore, organizations need to invest in innovative phishing protection, solution for greater security.

Industry Solutions for Phishing Attacks

Keeping in mind all the above mentioned facts top notch service providers have come up with advanced anti-phishing software. This software is available to consumers in the form of automated equipment that is installed internally in a company. The process, people and technology data is fed in it from before. After this, a personalized phishing attack is created for a particular employee or team. The software keeps a track of the user response. Furthermore, anti-phishing solution offers statistics on consumer behavior evaluates the percentage of security awareness amongst the workers and detects any data leakage. Finally, it analyzes Data Loss Prevention programs and examines the incident response program.

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