Back to Blog

How to Avoid a Phishing Scam

Image of EJ Phillips
EJ Phillips

75% of organizations around the world experienced a phishing attack in 2020, and 74% of those attacks in the US were successful. Phishing attacks remain the most likely threat to cause a data breach.

phishing scams

Phishing attacks use social engineering in emails, ads and messages to persuade people to hand over valuable and sensitive information such as passwords, financial information, or access credentials.  They can even persuade you to "Click Here" to download malware or complete a wire transfer. They continue to become more advanced and sophisticated and are a particular threat to the healthcare and financial industries. 

pimPHISHINGscamsSept2021

 

must know phishing statistics

how it happens

Almost all Phishing Scams are delivered by email, with less than 5% of attacks occurring through fraudulent websites, ads, or SMS communications.

According to Barracuda Network, the pandemic brought with it a staggering 667% spike in phishing emails. Almost 20% of employees are likely to click on phishing email links, and of those, an alarming 67% proceed to enter in their credentials on a phishing website!  Hackers often use scare tactics like telling recipients that there are security alerts on their social media accounts, actions are required with their Amazon or banking accounts, and often use the phrases "Urgent!" or "Action Required".

who it effects

 

Simply put, everyone. But according to IBM, the healthcare industry is the most affected, followed by education and manufacturing. 

the lasting consequences

The impacts of a phishing attack can be staggering, with the average cost of a data breach being in the millions. But financial losses are not the only negative outcomes of a data breach cause by a phishing attack.

Other losses can be:

  • Loss of customers' personally identifiable information (PII)
  • Loss of data
  • Loss of business continuity
  • Loss of intellectual property
  • Damage to business reputation
  • Compliance fines
  • Remediation costs 
  • Loss of revenue and customers
  • Legal fees

what can you do?

In addition to training your employees to follow email best practices, contact pim today to find out about their strong anti-phishing system that filters out phishing emails BEFORE they reach their intended recipient.  pim's business IT solutions (bits) goal is to detect, protect, prevent, and resolve common network and system threats before they happen.  Our advanced managed threat response, powered by SOPHOS, has advanced threat hunting, detection and response capabilities that take action to neutralize threats. 



 


Related Posts

Microsoft Windows 7 End-of-Life

Image of Cindy Farmer
Cindy Farmer

Windows 7 End of Life means no more bug-fixes, security patches or new functionality,...

Read more

Phishing Scams and How to Avoid Them

Image of Stephen Roberts
Stephen Roberts

Phishing scams are rampant in today’s world and are of particular concern to those concerned about...

Read more