Phishing Attacks Pose Cyber Threat To Businesses - HCS

Phishing Attacks Pose Cyber Threat To Businesses

Phishing Attacks Pose Cyber Threat To Businesses
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Just over half (54%) of more than 900 IT directors surveyed in Western Europe said that they had identified instances of employees replying to unsolicited emails or clicking the links contained within them, revealed a recent survey.

The study revealed that larger businesses are more likely to have been compromised by phishing attacks, despite also being most likely to conduct phishing and cyber threat training. Although businesses in the UK (45%), France (49%) and the Netherlands (44%) fell victim to phishing attacks at similar rates, those in Ireland performed significantly better, with just 25% of Irish respondents said they had fallen victim to a phishing attack in the past two years.

Of the 900 IT directors that took part in this survey, 56% of companies employing between 500 and 700 people were identified as phishing victims in the past two years, while two-thirds (65%) had identified instances of employees replying to unsolicited emails or clicking on links contained within them.

Whereas, just 25% of businesses with less than 250 employees and 36% of businesses with between 250 and 499 employees had been compromised by phishing in the same period.

50% of companies with less than 250 employees offered training to help employees spot attacks, compared to 78% of those with between 500 and 1,000 people. Cybercriminals are experts in social engineering to exploit human weaknesses, so while highly trained employees are an asset. Even the best users can make mistakes.

account hijacking and risks to data

Phishing is one of the most common ways that cybercriminals try to gain access to a business. As businesses grow and become more successful, they generally become larger targets for hackers to exploit potential vulnerabilities. Noting the frequency of these attacks, businesses that don’t have the basic infrastructure in place to identify when an employee is engaging with potentially harmful emails and whether their systems are compromised are likely to encounter problems.

It is advised that businesses block malicious links, attachments and imposters before they reach their users. To ensure data remains secure, businesses should utilise the latest cybersecurity tools to stop ransomware and other advanced threats from illegally infiltrating your business.

As hackers are continuously discovering modern sophisticated ways to infiltrate a business, businesses must ensure security is at the forefront of their business. Chat to our team today to learn how we can secure your business against advanced threats.

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