What Is Phishing?
Phishing is an attempt to steal sensitive information by posing as a trustworthy authority figure during electronic communication. Phishing is simple compared to other methods of cybercrime, but it can be very effective as it preys directly on peoples deeply ingrained trust of authority.
One example of phishing would be a hacker sending out an email claiming to be your bank and asking for your account numbers. Because it's so simple to execute, phishing is one of the most common cyber attacks. Even if it only works 1 out of 1000 times, sending emails costs next to nothing.
These days, email spam filters do a decent job of keeping phishing at bay. They don't work 100% of the time however, and not all phishing happens via email. Here are a few ways that you can tackle the problem of phishing.
Prevent Phishing With Proper Training
Those who are less technologically inclined are most at risk of falling victim to phishing schemes. That makes education a very effective counter. Simply educating employees about some of the more common schemes is often enough to greatly reduce the risks posed by phishing.
Prevent Phishing With Strict Guidelines
In order to reinforce the training you give employees, you need a strict and clear set of guidelines for how they interact with your IT systems. Here are a few questions you should answer with your guidelines:
- What is the proper method of resetting passwords?
- How can you tell when a site is secure?
- When, if ever, is it appropriate to click on links in emails?
- Is it appropriate to use your work email on a personal device?
These guidelines will help your employees make wise decisions when confronted with phishing and other cybercrimes.
Prevent Phishing With Access Control
Access control is the process of limiting access to places or resources in order to enhance security. By limiting access to sensitive information only to those who really need it, you reduce the chances that phishing will result in a severe data breach.
Tackling Cyber Risk In General
Cybercrime is on the rise, and phishing is just one of the many ways in which your business is exposed to cyber risk. That's why you need to think about the big picture. There's no way to completely secure your businesses, and hackers are developing new techniques daily to make sure of that. With cyber insurance, you can guard yourself against costly security breaches and the extreme cost of cyber liability claims.
At Summerlin-Roberts we perform a personalized risk assessment to find out where your weaknesses lie and determine the best course of action to minimize your risk. Please, contact us today to learn more about our cyber insurance policies or to schedule a comprehensive cyber risk assessment.