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Protect Your Email: How To Keep Your Business Safe From Email Attacks

Aug 23, 2021 - Koby Pearson

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Cybercriminals are turning to email more than ever, using it to deliver threatening content and introduce malware into corporate systems to steal data and extort money.

Cybercriminals are turning to email more than ever, using it to deliver threatening content and introduce malware into corporate systems to steal data and extort money. The constant development of virus technologies, the dedication of attackers, and the human factor all contribute to this. We will elaborate on how email attacks work and how to prevent them or at least minimize the damage in this article.

Types Of Email Attacks

We already have an article about fraudulent PayPal emails, however new ways to attack companies are emerging all the time, let's take a look at the most common email attack types.

Phishing

A phishing email is a type of Internet fraud that aims to trick a user into revealing their password, credit card number, and other confidential information. You receive an email, demanding to go to a website and perform certain actions immediately to avoid any serious consequences. If you "take the bait" and click the link, it redirects you to a website that mimics a legitimate Internet site that asks you to provide information. If you are gullible enough to agree, the data entered goes directly to the attackers. It continues to be an effective method of security attack, using clever social engineering and spear phishing, which encourages users to get involved in fraudulent campaigns and puts the entire organization at risk.

Spam attack

Every email user is familiar with spam. Spam is the electronic equivalent of paper advertisements thrown into your inbox. But it is not just annoying, it is dangerous, especially if it is a part of a phishing scam.

Email Spoofing

The word spoofing means falsification. In a fake email, imitating a real one, the sender deliberately changes parts of it, masquerading as another author. Typically, the sender's name or address and the message body itself are copied from a real source, as if the email came from a bank or some other legitimate company. In many cases, a fake email address is part of a phishing scam. But it is not uncommon for a fake email address to be used to sell a fake product.

Business Email Compromise

In the past few years, hackers have increasingly resorted to the Business Email Compromise (BEC) method, you might have heard about this: broker reviewer WikiFX blackmails companies. Simply put, attacks involve compromising corporate correspondence in one way or another. This is a huge source of revenue for cybercriminals, as this type of email cyber attack targets high-profile individuals to convince them to send substantial funds or confidential information to scammers. To find out more, check out the Threatpost video interview with Agari Tokazowski.

How To Resist Cyber Attacks

Criminals use quite a wide arsenal of technical tricks and social engineering techniques to gain the victim's trust and commit fraudulent operations. However, there are several effective measures to minimize the threat from email attacks:

  • never respond to spam
  • think before you click on links
  • update your browser in time
  • use spam filters
  • double-check the information.

Most cybersecurity software can detect dangerous links and attachments in disguise, so your information won't fall into the wrong hands, even if you don't sense something is wrong in time. So stay vigilant, exercise caution, and watch for signs of a possible email cyber attack.

If you've been a victim of Internet fraud, send your story for us to publish. Let's make the Internet a safer place together.

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FAQ

How Do I Protect Myself From Online Fraud?

Fraud on the Internet has been around for about as long as the world wide web itself. From year to year, fraudsters develop new tricks and techniques to deceive their potential victims. To avoid getting into online traps, be sure to follow some basic rules:

  • Check your social media privacy settings and never share information with people you don’t know.
  • Create strong and different passwords for each website you use. Experts say you should change all your passwords once in a few months.
  • Always be cautious when using public Wi-Fi. You can use it for general browsing, but never use it for shopping or banking.
  • Do not open suspicious texts, pop-up windows, links, or attachments in emails.
  • Never send money or give credit card details, online account details, or copies of personal documents to people you don’t know or trust.
  • Be wary of unusual payment requests. Scammers will often ask you to use an atypical payment method, including gift cards or virtual currency, such as Bitcoin.

What to Do If I Have Become a Victim of Online Fraud?

Sometimes people choose not to report fraud because they are embarrassed that they fell for a scam. Remember that fraud is a crime, and fraudsters will continuously find new ways of tricking people. Anyone can become a victim, so you need to do your best to prevent this.

The first thing you should do if you become a fraud victim is to contact the police. Come to the local police station or call an emergency number to get advice. Contact your bank first if credit cards, online banking, or cheques are involved.

If your funds were transferred via an electronic payment system (PayPal, WebPay, etc.), it makes sense to contact the support service. The support service can block a scammer's account, preventing potential theft.

Can I Get My Money Back?

If fraudsters have stolen your card details, you need to call your bank's support service and block your card. After that, go to the bank and submit an application to cancel the transfer. Reviewing your application can take up to 30 days. Remember to bring evidence that you were deceived and take it both to the bank and the police.

According to the statistics, only 23 percent reported money out of the 1.7 million cases was lost, meaning you have a chance to return your funds.

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