According to a 2018 report, a staggering 76 percent of businesses fell victim to phishing attacks in the previous year. And hackers have only become more savvy over time. With the average cost of a phishing scheme estimated at $1.6 million for a mid-sized company, these threats demand serious attention.

Yet, many business owners and employees struggle to identify phishing attacks or understand how to thwart them. Let’s discuss some common phishing scams and equip you with the knowledge to spot and avoid them.

Deceptive phishing is one of the most prevalent tactics, wherein scammers impersonate legitimate companies like Paypal or banks. These convincing emails often claim there’s an issue with your account or an order, directing you to a fake login page. To protect yourself, never click on email links leading to login pages. Instead, manually navigate to the trusted website and log in.

Spear phishing takes deception a step further by personalizing emails with your name or other details. These scams exploit social media data and may even masquerade as messages from hacked friends. Avoid clicking links in messages unless you’re certain of the sender’s identity.

Whaling targets high-level executives to steal credentials or impersonate them to employees. Shockingly, these attacks succeed because top managers often bypass security training. Ensure all employees, regardless of rank, receive comprehensive security education.

In all cases, education is paramount. By training employees to recognize phishing attempts, you fortify your company’s defenses. Additionally, consider reaching out to professionals for network security solutions tailored to your business’s needs. With the right combination of awareness and proactive measures, you can safeguard your business against the costly repercussions of phishing attacks. For further assistance, don’t hesitate to contact us at 888-RING-MY-TECH. We’re here to help fortify your network and preserve your valuable data.

*Wombat Security State of the Phish report, 2018

**Enterprise Phishing Resiliency and Defense Report, by PhishMe, 2017