Highly targeted, customized spear phishing attacks are incredibly hard for people to detect — but can have devastating consequences for any size business. Employees are still falling for even garden-variety phishing attacks, even as the sophistication of these attacks is rising significantly due to techniques like social engineering. It’s more important than ever to prevent spear phishing attacks from ever reaching your end users.
Spear phishing is the go-to cyberattack technique of hacktivists, cybercriminals and nation-state attackers everywhere. So much so, in fact, that security professionals in Mimecast’s State of Email Security report consistently say their organizations face phishing attacks, with most agreeing phishing is on the rise. It’s most dangerously deployed in business email compromise scams that can cost companies millions. But it’s also an effective and inexpensive way to harvest user credentials, implant various forms of malware, bring unsuspecting users to malicious websites, impersonate trusted people and collect useful intelligence about the target organization.
Cybersecurity awareness training is undoubtedly one of the most important ways to protect your organization from spear phishing attacks. But spear phishing emails are way too challenging to identify to rely on people alone to defend themselves and their organizations. Mimecast’s multi-layered detection technologies, including machine learning algorithms, should be a crucial part of your spear phishing solution.
Mimecast offers granular and customizable email security configurations to fit your organization’s needs and prevent advanced spear phishing threats. Mimecast’s email security solution includes machine learning tools that screen emails by looking for tell-tale patterns of fraud, so it helps detect and block spear phishing emails that:
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Include both known and unknown or new malware.
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Include malicious URLs.
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Attempt to impersonate senior staff members and push for the release of sensitive information or fraudulent money wiring.
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Impersonate well-known internet brands or external third-party organizations you do business with.
When it comes to phishing attacks, knowledge is power. Learn about spear phishing, whaling, smishing and vishing, not to mention angling. And did you know that the average wire transfer request in a spear phishing/business email compromise attack went up 14% in the first quarter of 2021 to $85,000, from $75,000 in the previous quarter? Read:
Phishing, spam, business email compromise, malicious URLs, ransomware - these attacks continue to plague businesses. Explore Mimecast's features that protect against these ubiquitous threats.
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