Has someone in your company fallen for a phishing scam? If no one has - congratulations - but chances are that your luck won't hold forever.
Phishing emails are the #1 cyber threat to businesses, affecting 83% of companies experiencing an attack in the last 12 months. And as widespread as they are, phishing scams are also increasingly costly to deal with: the average cost of a single breach is now over $20,000 USD for medium-size businesses.
A major factor in the success of phishing scams is how simple they are. In order to carry out a scam, all a cyber criminal needs is an email client and a target. As just about every employee now has access to email - and sensitive data that cyber criminals are after - keeping your company safe is harder than ever.
So, how can you keep your staff from clicking on phishing emails? Don't fret - we've gathered all the information you'll need to keep your data, devices and network safe.
Technical solutions such as spam filters can blitz out the majority of generic phishing emails - but some scams will always slip through the net.
As a bare minimum, you will want to ensure that you've set up phishing email detection and filtering in your email software's settings. There are also a growing number of intelligent AI-powered anti-phishing solutions on the market, though no tool is able to spot all cases of phishing.
The two major email vendors provide built-in phishing blocking tools, which should be the starting point of your phishing response.
In addition to the tools offered by email software vendors, there is a growing market of AI-powered intelligent phishing detection tools. Depending on your company's budget, AI tools can play a large role in stemming the flow of phishing emails that reach your email servers.
Whichever anti-phishing solution you choose to use, it's important to remember that no software or email policy can stop all phishing messages from reaching your users' mailboxes. It only takes one successful scam to lose your company thousands in IT costs and mitigating the damage to your company reputation, so it's essential that you also address the second factor in stopping phishing: the human element.
Regular staff training on spotting and reporting phishing emails is a requirement to keep your business safe from the number one cyber threat.
No matter what their job role or what data the employee has access to, without training any employee can download a malware-infected attachment or give up credentials and let a cyber criminal penetrate further into the company network.
Your employee phishing awareness training will need to teach your users about the signs and reporting of phishing emails - as well as why they should care.
To increase learning retention and to keep up awareness throughout the year, training should be carried out in regular, easily digestible learning modules.
While the traditional approach to security awareness training takes the form of annual slide-show supported lectures, new online- and video-based training programmes that allow training to be broken down into components and personalised for each users' needs are far more likely to improve real-world outcomes in phishing response.
Carrying out regular phishing simulations on all staff members helps you understand your risk level - but is also a highly effective method in training your users to spot real-world phishing emails in their own mailboxes.
There's nothing that can impress the threat of phishing in your users' minds than falling for a simulated phishing email in their own inbox.
Simulating common scams helps your users understand what a real phishing email could look like, and what details they should pay attention to in order to prevent themselves from falling for a real scam.
Your business should address the risk of phishing by making use of the right technical solutions, instituting security awareness training and regular phishing simulations - as well as by reducing the potential impacts of breaches.
There are a number of steps you should consider the ensure that any potential breach has the minimum possible impact, such as enforcing two-factor authentication, limiting employee access to sensitive data, and utilising the principle of least privilege across the business.
As an overall strategy, your business should address phishing emails by:
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