Cybersecurity is a big deal today – companies are willing to spend a lot of money to make their data and systems secure from cyber threats.
According to research done by Gartner, information security spending will exceed $124 billion worldwide in 2019. That same spending was $114 billion in 2018 and $101 billion in 2017. The trend is clear: companies find cybersecurity more critical with each passing year. It’s only natural for them to do so as cybercrime damages are set to reach $6 trillion by 2021.
However, there are still plenty of companies who are not doing an adequate job with their cyber protection, especially when it comes to protection against email threats and email attacks. Their systems and workforce are often susceptible to these types of cyber threats.
With all the email threats that are a risk for your business’ wellbeing, as well as the vulnerabilities that might exist within your company, you may feel your business is not protected adequately from a wide variety of advanced email threats that keep popping up.
The Many Types of Email Attacks
Email attacks are advancing, even though many believe they pose little to no risk.
It’s not all about simple spam messages, and there are a lot of other email threats that every business should worry about as a single one of these email attacks can cost your company millions of dollars.
There are many types of these attacks that can endanger your company, but let’s focus on the fraudulent attempts:
- Phishing email attacks – where hackers attempt to ‘fish out’ the data from your company by tricking your employees into giving up their credentials.
- Spear Phishing - is the more advanced form of phishing where an email attack has a specific target and was developed for that specific target. Here’s how you can protect your business from these types of attacks.
- Business email compromise (BEC) – this is an advanced form of email attack where cybercriminals target higher-ups in your company to cause the most damage and gain the most benefits. The FBI has found that BEC has created $12.5 billion in losses for companies in 2018. Here’s how you can protect your company from BEC.
In addition to these attacks, you need to worry about malware and ransomware, which are the most common viruses delivered to you through an email attack.
Mitigate the Risks for Your Business
When you look at all of these email threats, it’s vital for your company to be adequately protected. The only way to do that is to invest in better training for your employees and higher officers, as these attacks are often successful due to minor human error.
You should also invest in advanced email protection software if you want to feel genuinely safe and mitigate all the risks to your business that come in the form of email cyberattacks.
Author: Carla Barata
Marketing Manager at AnubisNetworks. Carla possesses an extensive experience in marketing, public relations, social media and events in the IT sector. But most important, she is an evangelist of Email Security solutions at AnubisNetworks. She likes "bringing the good news" and help companies to stay safe against the most recent and advanced cyber threats.