Fraudulent emails are one of the top challenges being faced by organisations. Every day, millions of phishing scams and fraudulent emails are sent to users worldwide. According to a recent study by an anti-spam organisation, 6.4 billion spam messages are sent to email addresses daily!
In fact, many companies don't even realise that they're at risk until after an attack has already happened.
Email security is a challenge for businesses of all sizes, but it's not always easy to know where to start.
We've put together a list of the top five email security challenges that businesses face and what best practices businesses can adopt to combat such attacks.
Phishing attacks are designed to look like they're coming from a trusted source — usually a bank or other financial institution — so recipients will click on links or open attachments that contain malware or viruses. These attachments can install keyloggers on your computer that record everything you type — including passwords — which can then be used by criminals to access your accounts and steal money from them.
VIP impersonation is when a criminal poses as someone who has authority within an organisation, such as their CEO or CFO, in order to trick employees into giving out sensitive information, such as login credentials or credit card numbers. This type of attack is often carried out through phishing emails or phone calls where an attacker tries to convince someone they need
It is a type of malicious software that installs itself on your computer and locks you out of your own data by encrypting it and then holding it for ransom. The attackers want you to pay them a fee in order to decrypt your data. Such emails often look like legitimate messages from businesses or organisations you trust. The recent Hive ransomware extorted $100M from over a thousand companies since June 2021. These attacks can cost companies millions and cause major setbacks that slow their progress.
Account takeover is a common problem that can happen to anyone. It happens when someone gains access to your account and starts sending emails from it without your permission. The attacker may do this in order to steal your identity, change your passwords or even make purchases using your credit card. This can be done in many ways: phishing scams, email spoofing, social engineering and more.
Payment fraud occurs when a criminal uses stolen credit card information to make unauthorised purchases online or elsewhere. For example, they may buy goods or services online with stolen credit card information, or they might rent an apartment with fake IDs and rent payments made via stolen credit cards. An email attack is a type of fraud that uses email to steal information from a victim. The attacker may also attempt to trick you into sending them money or even asking for money themselves.
The number of cyber threats targeting businesses in UAE is increasing at an alarming rate. Don't focus just on your network edge, but on what's going on at the perimeter of your organisation. We must be aware that such attacks can put your company's reputation and credibility at risk and can result in significant financial losses if you're not prepared.
With Mimecast's email security solution, you can protect every user on your network with one simple platform that makes security easy for everyone—and keeps your business moving forward without interruption. It provides a secure channel for your employees to exchange email messages, attachments and other content without exposing your corporate data to hackers.
Connect with a Cyber security expert to map the threat landscape and plan a resilient strategy against unpredictable email threats.