Criminal activity now constitutes 86% of all reported cyber-attacks, and their techniques and tactics are becoming increasingly creative and sophisticated.

Here are examples of just two types of common attacks that are happening to businesses daily.

Spear Phishing

Spear phishing is a targeted type of phishing attack that targets an individual or group within an organisation and is one of the most prevalent now. In a survey conducted by Cloudmark, almost two-thirds of IT decision makers interviewed said spear phishing ranks as either their organisation’s top security concern or within the top three. In this type of attack, a hacker will attempt to gain an organisations confidential information through malicious emails that look like they come from someone that the recipient recognises and therefore trusts. When the recipient clicks on links or attachments this allows the attacker to enter and exploit vulnerabilities in your system.

CEO Impersonation Fraud

A recent report from the City of London Police’s National Fraud Intelligence Bureau (NFIB) shows that over £32 million has been lost to CEO fraud alone, a very generic low-tech type of phishing attack. This is particularly widespread in professional services firms where transferring large sums of money is not out of the ordinary. In this type of attack, a hacker posing as a high-level company executive will contact the company’s finance department or similar requesting a payment be made. Because the attackers spoof the executives actual email address the recipient is less likely to be suspicious of the malicious email and a large sum of money can be lost before anyone notices the mistake.

We Have a Solution

The security industry has traditionally focused on the two first steps of the solution: user training and testing, teaching employees how to spot a phishing scam. However, this does not help with dealing with a tailored phishing campaign and misses the chance to offer real protection and response. This has proven to be insufficient, as threats continue to slip through, leaving you open to attack.

Quorum Cyber was committed to solving this problem, so we developed Big Red Button, a service that provides complete coverage against phishing. We analyse potentially malicious emails, detect attacks and shut down malicious campaigns against our customers, helping businesses fight back.

Contact us to discuss your requirements