You can’t stop someone from launching a phishing attack, but there are things you can do to mitigate the threat.
By Jai Vijayan
Despite being a well-understood problem, phishing continues to be a major threat to individuals and businesses worldwide. For all the concern about sophisticated new malware and advanced persistent threats, phishing offers attackers a low tech and extremely effective way to breach networks, steal money, credentials and data. The Anti Phishing Working Group (APWG) estimated there were at least 123,972 sites worldwide being used to launch phishing attacks targeting banks and other entities in the second half of 2014, the latest period for which numbers are available.
In the first half of 2015, nearly 41 percent of phishing attacks targeted banks and financial services companies, and attacks against businesses in other industries quadrupled between January and August 2015, according to anti phishing service provider MarkMonitor. Meanwhile, some 7,000 US companies have fallen victim to targeted spear-phishing campaigns or Business Email Compromise (BEC) scams resulting in over $740 million in losses since late 2013, the FBI said in a warning issued earlier this year.
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