A Report released this week The UK’s National Cyber Security Center saw a 15-fold increase in the number of cases of fraud removed from the Internet and said the agency had taken more fraudulent websites offline in the past year than in the past three years combined.
In the first quarter of this year according to government statisticsNearly 40 percent of businesses in the UK reported digital vulnerabilities or attacks, with average costs for medium to large businesses around £ 13,400 or $ 18,800. And the cost of a major breach can be far more daunting: a study conducted last year by the Ponemon Institute for IBM SecurityWhen we surveyed 524 organizations in 17 countries, it found that data breaches cost an organization an average of $ 3.86 million in 2020.
Phishing has also been used of scammers trying to get grandparents out of their savings, by Secret services to Gaining information and diplomatic leverageand by IT departments to determine if employees are paying attention.
“A well-designed phishing email gets 100 percent clicks,” said Steven J. Murdoch, professor of security engineering at University College London, adding that all companies are vulnerable to phishing.
However, testing employees with fake emails about bonuses is “a trap,” he said, adding that it could jeopardize the company-employee relationship, which is vital to security. For example, some attacks come from disgruntled employees, he said. “People responsible for fire safety do not set the building on fire,” he said of the tests.
Instead of preventing employees from clicking a link, more effective strategies could include blocking phishing emails, installing software to protect against ransomware, and addressing the use of passwords.
The alienation of employees also meant they were less likely to report suspicious activity to their corporate departments. It’s a crucial way to keep attacks from getting worse, said Jessica Barker, co-founder of Cygenta, a cybersecurity company.