The email has always been the most useful business communication tool and platform. But the downside of using email is that it remains one of the most favourite and frequently used routes for hackers to attack businesses.
Did you know that 78% of people are aware of malicious links in emails yet they clicked anyway? This is just one reason among several others behind the increasing email-based attacks happening around the world.
The attackers impersonate email domains of organizations or individuals (someone you know), to lure you in giving out your personal information, credentials, transfer money, or give away secret information.
Externally such emails look legitimate and sound like they are from authorized domains. But in reality, these emails are from spoofed domains sent by cyber scammers to either steal your data or money.
Email: A Gateway to an Organization’s Assets
In an article by ZDNet, 1 in 100 hundred emails sent around the globe has malicious intent, likely to deliver malware, conduct spear-phishing, commit fraud or other activity conducted by cybercriminals. It is the hacker’s gateway to gain unauthorized access into an organization.
This might not seem like a large number, however, when millions of emails are sent every day, it adds up the number. Especially when it takes just one employee to fall victim to an email-based attack, only for the whole organization to get compromised next.
According to the FBI, over the past six years, these email-based attacks have cost 26 billion dollars!
Moreover, it has been reported that recently Indian exporters were targeted in cyber fraud. Last year, a number of cases were registered where allegedly a third party sent bank account details through look-alike genuine emails from Indian exporters to foreign buyers to make the payment. This resulted in foreign buyers making the payment in a bogus bank account.
Though the cybercrime has been registered in the respective jurisdictions, authorities couldn’t help much to reverse the transaction. This resulted in the Indian exporters not having the goods nor the payment. But organizations can avoid these kinds of incidents in the future by following the cybersecurity protocols.
Effective Solutions For Organizations to Prevent Email-based Attacks
Regardless of how sophisticated the attack is, it mostly starts with one careless click that jeopardizes the organization’s system resulting in exposing the sensitive data. Taking this into consideration, every organization should adopt email security measures that are more complex and more sophisticated than ever before in order to secure a robust email security system.
Here are a few effective email protection solutions that organizations can implement to prevent smooth business operations from email-based attacks:
Passwords are the first line of defence against hackers. Therefore, it is mandatory for an organization to keep a strong policy. Passwords like “123456” or a pet name are easy to guess and also easy to hack. To make a strong password, it is advisable to always have a mixture of upper-case and lower-case letters with numbers and symbols.
Using two-factor authentication adds an extra step or extra layer of security measures to protect your email. Even if a hacker leverages your email password, you will be alerted with this extra layer of protection and save your email account.
Phishing incident response tool
Implementing a phishing incident response tool like Threat Alert Button is vital for an organization. It empowers the employees in reporting suspicious emails that come with malicious links and attachments.
Most of the cyberattacks are caused by human error. No matter the amount of money an organization is spending on securing the organization’s machines and systems, it is mandatory for an organization to educate its employees. Tools like ThreatCop helps your organization in training employees to be aware of the latest cyberattack vectors and cyber threats happening worldwide.
Standard email authentication protocols
One of the most important factors in preventing email-based attacks is to secure the email domain. Implementing email authentication protocols such as DMARC, DKIM and SPF effectively prevent your organization against domain forgery. Tools like KDMARC monitor the DMARC, SPF and DKIM to increase email authenticity. It defends your email domain against impersonation and also helps in boosting the email deliverability rate.
Click the button below to secure your email domain against spoofing for FREE with KDMARC!