Email is one of the most important channels of communication for businesses. A lot of companies use emails to send and receive sensitive data every day. Because of this, cybercriminals are eyeing the platform as a way to steal important information. Hence, being familiar with their strategies is a must to avoid being deceived.
Email Security Hazards
There’s no denying the importance of email in daily business operations, but it has become the go-to attack vector used by cybercriminals. This article would talk about the different ways email can put your business at risk.
When it comes to cybersecurity threats, ransomware is probably at the top of the list as they’re notorious for its ability to cripple not only businesses but also government institutions and large organizations worldwide. Recent ransomware attacks even made security news headlines because of the extent of the damage they’ve created.
Ransomware is a type of malware that’s designed to prevent anyone from accessing a computer system or server until a ransom is paid. The majority of ransomware attacks are sent through a phishing email, which is why you need to ensure you have an advanced email security solution in place capable of analyzing emails for any malicious codes in real-time.
If you don’t have an email security solution, even a simple ransomware attack is enough to cripple your business as it can cause significant downtime and loss of sensitive data. Using an advanced email security solution like GoAnywhere’s secure mail client and others which scans emails thoroughly for any kind of malicious codes or attachments is the best way to protect you.
A phishing email is a fake email sent to a recipient requesting important information that can put businesses at risk. These emails are often masqueraded as coming from banks, credit card companies, law firms, and other organizations. In some cases, these carry malware which when downloaded on the computer, can give hackers full access to the system.
Phishing emails are commonly used by cybercriminals because they’re highly efficient and are easy to carry out. These emails utilize the receiver’s trust to get access to sensitive information or install malware on the target’s device.
To fight against these, you need to secure your inbox against any kind of human errors by using multiple layers of real-time security measures. Relying only on spam filters and anti-virus software as protection is no longer recommended as they’re no longer able to keep up with the new strategies and tactics used by cybercriminals.
3. Business Email Compromise
Business email compromise (BEC) is another type of email risk cybercriminals use to steal money from businesses or corporations. An attacker gains access to a business email account and sends fraudulent emails using the identity of the account owner to steal money. Aside from potentially losing a big amount, your business will also be at risk of data theft and reputation damage.
The best way to protect your business from BEC attacks is to place a multi-layered security solution that comes with advanced security features such as sender authentication and data encryption. Also, employees need to be aware of basic online protocols regarding information dissemination. They should be trained as to what emails should and shouldn’t be acknowledged.
4. Email Account Compromise
Are you sure the emails you receive are from who the message says they’re from? Cybercriminals use different tricks to gain access to your email account, so they can get money from you. This is what’s called an email account compromise (EAC). EAC is a scam that works by hacking your email account then use it to deceive you into wiring funds to the cyber theft without you realizing it.
The worst thing about EAC is it can be difficult to realize you’ve been a victim of it. EAC is highly dangerous as these emails are usually unidentified and unflagged by email security solutions.
Protecting your business from EAC requires an advanced email security solution capable of detecting and blocking scams and other types of email exploits. Also, having an authentication code for each transaction would help.
As technology continues to evolve, your business should be aware of the risks that come with it. Don’t overlook the importance of email security, especially if your business is using emails for communication.
You need a proactive strategy that’ll protect your business from any form of threats before they can infiltrate your network. Prevention is always better than cure, so you need to start implementing advanced email security features before it’s too late.