February 14, 2018 - Email will always be with us and so will all the scams, hoaxes, and threats that continue to grow each year. This issue focuses on understanding some of these threats and learning to combat them.
Malicious email remains one of the most significant and ongoing computer security threats that we face. Cybercriminals use a variety of email-based attacks to deliver malware, lure victims to malicious websites, and steal logon credentials, and organizations everywhere need to understand these threats and how to implement effective safeguards.
Despite the new collaborative communication tools on the market, which combine unified messaging, video and/or other social media instruments, emails are still number one both for private people as well as enterprise business use. With the need to retain emails, and the desire to keep costs down to free storage space from unneeded emails without risking huge fines by not producing required emails if demanded by a court or regulator -- emails which should have been legally retained.
According to the figures from the FBI, through December 2016 cyber thieves stole over $2 billion from 24,000 businesses using a scam that starts when business executives' or employees' email accounts are compromised or spoofed (BEC scam). Criminals are able to steal money with the help of an unwitting accomplice: an employee who is fooled into submitting a wire request. From the perspective of the company's financial institution, the transaction appears completely legitimate. Even confirmation calls or other out of band authentication will reach the employee who did indeed submit the request.
As organizations increasingly rely on email to conduct business, continuity becomes critical. In this piece, Alan Radding discusses examples of the negative effects a lack of email continuity can present and how products that truly deliver high availability can ultimately be a money saving investment for your business.
Despite the rise in popularity of social media and instant messaging, email is still an important communication tool for business organizations. Unfortunately, its widespread use also makes it an ideal platform for cybercrime. This article will cover four particular types of email-based threats: Spam, Phishing, Spoofing and Business Email Compromise (BEC).
No system is 100% effective and your employees can also put your network at risk from their personal email. Therefore, your employees need training to understand what to look for to avoid phishing emails. You, and everyone in your department, probably already know how to spot a phishing email. But how do you explain it to your users so that they get it?
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