What is Phishing? | Proofpoint Cybersecurity Education Series

Summary

Phishing is a widespread cyber attack tactic that exploits human nature rather than technology, aiming to deceive individuals into giving away sensitive information. Attackers use a variety of methods, such as fake websites, urgent emails, and impersonation, to gain trust and prompt hasty actions. In 2017, the average cost of a phishing attack for mid-sized companies was $1.6 million, contributing to a global cost of over $600 billion. Employee training and robust cybersecurity solutions are crucial to defending against phishing threats. For more information on building a defense, visit proofpoint.com.

Takeaways

• 😀 Phishing refers to a variety of tactics used by cyber attackers to deceive people into providing sensitive information or performing harmful actions.
• 😀 Common phishing methods include fake banking websites, unsafe email attachments, unsafe links, and fraudulent money transfers.
• 😀 All phishing attacks exploit human nature rather than relying solely on technological vulnerabilities.
• 😀 Many phishing emails manipulate emotions by creating a sense of urgency or fear of negative consequences if no action is taken.
• 😀 Phishing attacks often impersonate trusted brands or individuals, using seemingly legitimate email addresses and domains.
• 😀 In 2017, the average cost of a phishing attack for a mid-sized company was $1.6 million.
• 😀 The total global cost of phishing-related cybercrime exceeded $600 billion.
• 😀 Employee security awareness and training are crucial for defending against phishing attacks.
• 😀 Cybersecurity solutions should specifically target human vulnerabilities to effectively counter phishing threats.
• 😀 Phishing attacks are successful because they exploit human psychology and often play on trust and urgency.
• 😀 For more information on how to protect against phishing, visit proofpoint.com.

Q & A

What is phishing?

Phishing is a cyberattack tactic where attackers trick victims into revealing sensitive information, such as login details or financial data, through deceptive methods like fake websites, unsafe links, or email attachments.

What are some common phishing tactics?

Common phishing tactics include creating fake websites that mimic legitimate ones to steal login information, sending malicious email attachments, urging victims to click on unsafe links, and persuading them to transfer money to overseas bank accounts.

How does phishing exploit human nature?

Phishing exploits human emotions, such as fear, urgency, and trust. Many phishing emails create a sense of urgency or fear by claiming something is wrong or will happen if the victim doesn't respond quickly.

Why do phishing emails often impersonate trusted brands or individuals?

Phishing emails impersonate trusted brands or individuals to build trust with the recipient, making it more likely for them to fall for the scam. The 'From' field or email domain may look legitimate, tricking victims into thinking the message is genuine.

How much did a phishing attack cost a mid-sized company in 2017?

In 2017, the average cost of a phishing attack for a mid-sized company was approximately $1.6 million.

What was the total cost of global phishing attacks?

The total cost of global phishing attacks exceeded $600 billion.

What is the key to preventing phishing attacks?

Employee security awareness and training are crucial in preventing phishing attacks. Additionally, having a cybersecurity solution that targets people and their behaviors is essential for defense.

How do phishing attacks typically trigger a victim’s emotions?

Phishing attacks often trigger emotions like fear or anxiety by telling victims something is wrong or that negative consequences will occur if they don't act urgently. This creates pressure to respond without thinking critically.

What role does urgency play in phishing emails?

Urgency is a common tactic used in phishing emails to pressure recipients into acting quickly without considering the risks. Phishers may claim that immediate action is needed to avoid negative outcomes.

What is a critical aspect of defending against phishing attacks?

A critical aspect of defending against phishing is educating employees about phishing risks and providing them with the tools and knowledge to recognize and avoid such attacks. Implementing targeted cybersecurity solutions is also vital.