4 Reasons Why Phishing Attacks Are Getting More Frequent?

Phishing attacks, in particular, have become increasingly prevalent and sophisticated, posing a significant threat to individuals and organizations alike. These malicious attempts to deceive individuals into revealing sensitive information or performing harmful actions are on the rise, posing a significant threat to both individuals and organizations. In this blog post, we will delve into the reasons behind the rising frequency of phishing attacks and explore the key factors driving this alarming trend.

Phishing attacks

Users are the weakest link

While most of us think we’d be able to spot a phishing scam when we receive one, all it takes is a momentary lapse in judgment to fall victim.

Organizations are not doing enough

Employee awareness training isn’t the only step organizations can take to better protect themselves from phishing scams. Inadequate backup processes. In the event of a ransomware attack, most organizations have inadequate backup processes.

Lack of user tests

Most organizations do not have adequate procedures in place to test their users, so they cannot determine which employees are most vulnerable to attack. Running a simulated phishing attack can help you determine if your employees are vulnerable to phishing emails, allowing you to take immediate corrective action to improve your cybersecurity posture.

Security risks of BYOD

Many organizations lack a BYOD policy, meaning that if a cybercriminal were to compromise an employee’s device, they could gain access to sensitive data not just on that device, but through their network access.

Criminal organizations are well financed

The huge success of cybercriminals in recent years means they have plenty of funds to invest in fraud. This has also allowed cybercriminals to branch out into new attack vectors. In recent years, for example, social networks have increased significantly.

Cybercriminals are changing their focus

Fraudsters can now buy credit card information so cheap that those who steal and sell it make less profit. Cybercriminals changed tactics and wanted to make money through organizations directly through ransomware attacks. These types of attacks aren’t any more complicated for cybercriminals, but the rewards can be much greater. Although experts warn organizations against paying the ransom, it’s certainly tempting to transfer a lump sum in the hope that your systems will come back online rather than face the headaches that come with incident response.

Phishing tools are cheap and widespread

The availability of phishing kits and the rise of ransomware-as-a-service has led to an explosion of ransomware and other exploits originating from an ever-growing network of amateur cybercriminals. The problems of phishing, spear-phishing, CEO fraud, business email compromise and ransomware will simply get worse without appropriate solutions and processes to defend against them.

Protect your organization from phishing

Educated and informed employees are your first line of defense. Empower them to make better security decisions with our complete employee awareness e-learning suite.

Conclusion

The complete suite includes eight e-learning courses to help you transform your employees from threats to assets, a cost-effective way to manage all employee awareness training in one place.