Access

Share
Share

INCREASES THE RISK OF E-MAIL FRAUD

Companies and individuals exchange over 300 billion e-mails every day. The importance and necessity of the use of e-mail in the working environment often leads to ignoring and underestimating the risks involved in its use. 

The email represents a technology not easy to protect and, consequently, can be subject to violations, alterations and manipulations

According to recent research by Chubb, over the five-year period 2016-2020, cybercriminals have Stolen more than $28 billion through e-mail fraud. The average economic damage of a cyber attack is $150,000.

HOW THEY ENTER YOUR E-MAIL

Email hacking schemes are constantly evolving. In the past, e-mail attacks took the form of sending malicious links with attached viruses. 

Today, cybercriminals use more refined techniques than in the past.

No more attachments or files that would be easily detected by malware scanners.  These are now social engineering attacks, aimed at altering the identity of a sender, intercepting important messages and sending fake, apparently authentic content. 

These attacks can easily breach a company's security defences. 

"With the high level of deception and manipulation involved in these attacks, email security requires a zero-trust approach."said the researchers. "For example, an email from your bank requesting payment information or login credentials should be considered suspicious until the information can be independently verified through another channel, such as a direct phone call.".

Companies that are victims of e-mail compromise must act quickly: "Given the motivation and ingenuity of cybercriminals, organisations should bear in mind that these frauds continue to increase as criminals adapt to the countermeasures implemented to counter them."concludes the report. 

A careful analysis of the procedures used to verify electronically received information and an up-to-date cyber defence are essential requirements that an organisation must implement in order to counter social engineering fraud.

Cyber criminals will continue to act until companies adopt appropriate procedures to eliminate internal security vulnerabilities.

The only way to defend yourself, especially if you have a small or medium-sized business, is to prevent cyber attacks by identifying and eliminating your company's weaknesses.

RESOURCES FOR YOU

Download Free Guide

In our guide you will learn how to secure a small or medium-sized business, from an IT point of view, and how to protect yourself from attacks on the internet.

Related items

The importance of analysing the cyber risk of one's suppliers

If you are a manufacturer, distributor or supplier in today's global economy, protecting yourself from cyber risks is more important than ever.

SMEs and cybersecurity: is it a necessity or can it be done without?

They want to convince us that cybersecurity is becoming a top priority for companies. This is the feeling one gets when faced with the endless stream of news stories about cyber attacks and data breaches: for example, the growth trend of the annual expenditure that companies will devote to cybersecurity is set to grow by 15% per year, to reach $10 trillion in 2025

1 (one) thing to do now not to risk losing 10,000 euro

There is one thing you can do right away (even if you are not a security expert and do not have anyone to help you see if someone has broken into your systems) that will significantly reduce the risk of losing money in your company.

Your company finally protected and secure.

We offer protection and insurance tailored to your company and your level of risk.
Registration free of charge.

en_GBEN

Contact us for more information