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Volume 30, Issue 4

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Wednesday, 10 January 2018 16:47

Go Phish! Why Your Organization Should Implement Phishing Exercises

If there was a single, simple action that you could take today that could cut the potential of phishing attacks in half, would you do it?

Great news — taking steps to keep your organization safe from this intrusive type of cyber-attack may be easier than you realized. One-time training for employees to stay vigilant is only the first skirmish in the battle to secure your organization’s digital assets. Ongoing education and reinforcement of the message to be cautious, all presented in a way that employees won’t rebel against, is the first line of defense against spear phishing.

Scope of Damage from Phishing Attacks

The FBI calls them business email compromise scams, but most cybersecurity professionals are more familiar with the term phishing, with spear phishing being the latest way to exclusively target individuals based on their organizational ties or position. With nearly $1.6 billion in losses by U.S. businesses between 2013 and 2016 at organizations of all sizes and segments, spear phishing is costing individual businesses millions of dollars per year. Cyber criminals are targeting real estate, title professionals and attorneys slightly more often, but no business is immune. Any organization in which large sums of money change hands or employees have access to wire transfer information or personal information is in danger.