Types of email phishing
How does email phishing work?
An example of email phishing
Typical phrases used in phishing emails
How to secure your email from email phishing
How to protect your organization from email phishing High-risk industries for email phishing Here are a few examples of the industries that are commonly targeted by email phishing: Banks and financial institutions The common goal of many cyber-attacks is financial gain. Thus, targeting financial institutions, which handle vast amounts of money, is extremely common. Social media Another common goal of online attackers is identity theft. By impersonating a trusted social media network, attackers aim to collect login information and steal connected accounts and personal information. Online stores (e-commerce) By posing themselves as e-commerce stores, cyber-criminals aim to steal financial information like credit card data. Types of Email Phishing Spiteful web links Using malicious links is typical in phishing emails. When an email receiver clicks on a malicious link, it typically takes the user to a scammy website or a webpage that is infected with malicious software, also known as malware. Fraudulent links are made to appear trustworthy by using logos, company names, and credible images within the email. However, after a closer inspection, it is possible to spot errors or anomalies in the link. (More on how to secure your email from email phishing below.) Malicious attachments Malicious email attachments might look like legitimate file attachments, but they are actually infected with malware that can compromise computers and their files. For example, in the case of ransomware (a type of malware), all of the files on the computer could become inaccessible. Another example of a malicious attachment is a keystroke logger, an app/software that could be installed to track everything a user types, including passwords. Additionally, malware infections can spread from an infected computer to other networked devices such as servers and cloud systems. Scammy data entry forms These emails direct users to data entry forms to fill in sensitive information such as user IDs, passwords, credit card data, or phone numbers. Once users submit their information, it can be used by online criminals. How does email phishing work? Anyone can be a target of email phishing – it can happen in one’s personal email as well as business email at work. The consequences of email phishing are severe in both cases. Email phishing targeting personal email The intention of most phishing schemes is to steal your login credentials (your username or email address and the associated password). Problems that can come from email phishing attacks on your personal email include, for example: Charges on your credit card Money stolen from your bank account Loans opened in your name without your consent Fake social media posts Ransomware to extort money from you Tax returns filed in your name Lost access to important documents Wire transfers to an attacker’s account Email phishing targeting business email Cybercriminals target businesses to gain access to sensitive information, data, business secrets, and money. Falling for an email phishing scam at work can lead to serious consequences including, for example: Unauthorized access to confidential systems files and communication Important files can become inaccessible Business reputation can be damaged Company’s value decreased and investor confidence reduced Loss of corporate funds Interruption of revenue-impacting productiveness An example of email phishing Mary receives an email from her bank saying that she needs to update her credit card PIN as a security measure within the next 24 hours. She takes action quickly and follows the link provided in the email. She provides her credit card PIN and updates her so called new credit card information which leads to the website becoming unresponsive. In a few hours, she notices a big purchase made on a random website with her credit card. She contacts her bank, and it turns out the email was not from her bank. It was an email phishing scam. Typical phrases used in phishing emails Most often online attackers use the word ‘request’ in phishing email subject lines, as the subject line is the first attempt to lure email phishing victims to open the email and click the malicious links or download a malware attachment. Other popular key phrases can be: ‘follow up’, ‘urgent’, ‘important’, ‘payment status’, ‘invoice due’, ‘direct deposit’, ‘expenses’, and ‘payroll’. How to secure your email from email phishing One of the key precautions you can follow is to take time, read, and evaluate the information being sent to you. Starting with the email sender, subject line, and following with the email content, including images, logos, and most importantly links and possible attachments. Be cautious no matter what the email is suggesting. Email phishing warning signs A feeling of urgency and requests for personal data via embedded links are all warning signs. Take a good look at the sender’s email address. The email address often emulates legitimate company or authority names, but there might be small changes and errors in letters. Avoid clicking pop-ups and links Avoid clicking any links provided unless you are absolutely certain that the email comes from a trusted source. Online attackers change the location of the “close” or “X” button on a popup window to trick users into opening a malicious site or downloading malware. Protect your credentials Secure your valuable information by changing your passwords frequently or by using a solution that protects your credentials for you. Make sure that your communication and data are well protected from malware by using updated data protection software. Businesses are offered a variety of security tools – make sure that you select the right tools suitable for your business. The right secure business communication tools will offer businesses high-level, robust security and encryption in line with industry regulations and data privacy laws. Don’t provide credit card or other financial data easily
Don’t share financial or credit card data on a website that you are not familiar with. You should always deal with great caution with a website or an email that promises gifts or quick wins.
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