While modern cyber attacks come in different forms, email threats continue to be one of the most lethal among all other cyber threats!
With almost every organization adopting the remote working culture, businesses’ reliance on email has increased significantly. In addition, the amount of digital risk that employees and organizations face online daily has also increased dramatically over the past.
As a matter of fact, cyber security has been identified as one of the most significant global concerns. And since new forms of attacks are developed every day, it is worth taking our time to look at these email threats. And among all the email attacks, there are these three most harmful email attacks that are putting enterprises at great risk of suffering a cyber attack in 2021.
According to the report from CSO Online, 94% of malware is delivered via email.
Let’s start with phishing attacks, the attack vector that has dominated the email threat landscape for decades. In recent years, phishing attacks have not only increased in numbers but also the sophistication of these attacks has grown tremendously. Every now and then, cyber criminals are developing new phishing techniques to launch the attack vector.
- 75% of organizations around the world experienced a phishing attack in 2020
- 74% of phishing attacks targeting US businesses were successful
- 20% of all employees are likely to click on phishing email links
Source: Expert Insights
Ransomware attacks are on the rise, climbing up the chart in being one of the most dangerous cyber attacks that are harming businesses in many ways. The attack vector can cause severe harm to an organization from data loss to hefty recovery costs, damaging brand reputation to causing disruption in the business operations.
- 1 in 3,000 emails that pass through filters contains malware ( Forbes)
- On average, organizations pay a ransom of $233,217 (CyberFishNews)
- Ransomware attacks against businesses will occur every 11 seconds(Cybersecurity Ventures)
Business Email Compromise Attacks
When we talk about this specific attack vector, most people think this scam impersonates only C-suite executives. However, cyber criminals can impersonate anyone from your organization, that includes HR, IT technician, or finance.
Several government agencies including the FBI have warned multiple times about business email compromise attacks. They have mentioned how this attack vector is exploiting the vulnerabilities within the organization, causing financial damages to an organization.
Business Email Compromise (BEC) Statistics:
- 65% of organizations faced BEC attacks in 2020
- 62% of BEC scams involve the cybercriminal asking for gift or money cards
- BEC attacks rose by 14% overall in 2020 and up to 80% in some sectors
(Source: Security Boulevard)
How to Protect Your Organization Against Email Threats?
Now that you know what are the top three email threats you should have your eyes on. Let’s have a look at how to avoid these email threats. Following are some best security practices you can implement in your organization:
- Unbreakable Password
It is time now you make your employees realize “Password123” as a password is not safe anymore. Though it never was, some assumed it is; just an excuse for an easy password to remember.
Therefore, enforce a strong password policy, that includes every employee must create a strong password. Moreover, different passwords for every account. A strong password should be a combination of uppercase and lowercase letters along with numbers and symbols. Also, shall not be fewer than eight characters.
- Forbid Personal Use
An employee using their work email address for personal use can leave their email ID exposed to cyber threats. So, make sure your employees know that their company email address is only allowed for business purposes and nothing more.
- Avoid Clicking and Downloading
Never click on a link or download an attachment from an unknown source. Even if it is needed, always hover over the link to find the destination. Moreover, always scan for the attachments before downloading.
Most of the time, malicious malware and viruses are delivered in the form of a link and attachment.
- Educate Your Employees
Unless your organization has the software or tool that works perfectly to protect against email threats, your organization is at risk. Therefore, it is best to educate your employees providing them with the adequate training they need. Cyber security awareness tools such as ThreatCop help your employees by providing them the knowledge and experience they require in defending the company against email attacks.
KDMARC to Increase Email Security
- Increase email security
- Defend spoofing attacks
- Get full insights into your email channel
- Track third party trying to impersonate your email domain
- Secure your brand reputation
- Keep up your customer’s trust
So, it is time now you act fast and keep your organization secure against these email threats. The number of email attacks is increasing every year and so are the victims. You don’t want to be one of them!
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