Key Trends That Fuel Phishing Inside an Enterprise

As we increasingly connect personal email addresses with access to cloud services, web apps and SaaS-based systems, the security of old-fashioned but “killer app” email has become more important than ever. For example, think about all the times you log into a web application of some kind and use your IDs from Facebook, Google, Yahoo or LinkedIn, which are usually email addresses. Despite the fact that enterprises have invested billions in cybersecurity training and point solutions, the problems aren’t going away anytime soon. The FBI reported that business email compromise (BEC) attacks enabled cybercriminals to steal more than $12 billion from October 2013 to May 2018. In 2017, that represented 48 percent of all internet crime-driven financial loss. Meanwhile, Verizon’s latest Data Breach Investigations Report showed that despite an emphasis on security training, one in 25 people will respond to any given phishing attack – not surprising as they have become both highly targeted and more sophisticated.