When it Comes to Phishing, Don’t Take the Bait
It’s 4:54 pm on a Friday and you get an email from IT: “Download this critical security update ASAP!” You leave the office that day feeling lucky you caught it in time.
You come to work on Monday to discover there’s been a serious data breach. Someone downloaded malicious software, or malware, to their work computer allowing cyber criminals to steal sensitive customer information.
What happened? You got phished.
Phishing is a type of cyber attack that exploits human behavior to gain access to personal information or get you to install malware on your computer. Phishing messages often look like they’re coming from a trusted source—like your bank or someone you work with—and they usually create a sense of urgency so that you act quickly, without thinking.
Luckily, phishing scams only work if you fall for them. The power is in your hands; follow the five tips below to keep you and your business protected.
Since 2019, phishing attacks have increased more than 150%! In 2024, phishing was the second most common cause of data breaches and the most expensive averaging $4.91 million in breach-related costs.
Does your accountant email you asking for the digits to your company Mastercard? Does your bank ever reach out to you because they forgot your login and password? Does a new acquaintance on Linkedin typically ask for a business loan? The answer to all of these questions is no, they do not.
Phishing attacks work because we don’t stop to think about what we’re doing. The best way to prevent them? Slow down and keep a healthy level of skepticism. If you get an email, text, or social media message and something doesn’t seem quite right, don’t reply immediately.
By resisting the urge to respond immediately, you’ve taken away the scammer's biggest asset: the sense of urgency. The next step is to dig a little deeper and see if the message is real. How do you do that? Here are a few suggestions:
If you get an email or direct message and you’re not sure about the sender, don’t click on any attachments. Getting you to download files is a great way for criminals to spread malware, and it’s not worth taking the risk.
If an email from a known contact contains an unexpected attachment, verify its legitimacy before opening it by calling or emailing that contact directly.
Phishing often involves spamming thousands of people with emails in the hopes that one or two will fall for the trick. Antivirus software can help detect and block malicious emails and attachments.
Phishing works by manipulating our emotions, and one of those emotions is shame. Many people who are victims of phishing attacks never report the crime to authorities because they feel foolish for getting tricked. But this behavior plays right into cyber criminals’ hands. If you get scammed, or even if you get a suspicious message, report it straight away.
Now you have the information to recognize phishing scams and stop them in their tracks. Please share these insights with your team to help everyone stay secure!