The most common misconception regarding credential phishing is that it is people-driven and not organization-driven. Therefore, organizations tend to underestimate the impact it can have on them if even one of their employees is a victim of credential phishing. We suggest reviewing your entire security strategy to ensure that you are protected against phishing.
Here is everything you need to know about credential phishing attacks.
What is credential phishing?
It is an attack in which users are redirected to seemingly legitimate and reputable websites that are, in fact, created by attackers. Once users enter their credentials, the attackers can steal them and use the credentials to access other accounts of the users.
These days, most of us have multiple accounts which are accessed only using a few passwords. This makes it easy for an attacker to carry out a credential stuffing attack to gain access to most of your accounts. However, most phishing attacks are still carried out to gain access to a user’s bank account.
Why organizations should worry
There is also an increase in financially motivated attacks that are targeting organizations like hospitals to commit insurance fraud, ‘Intellectual Property’ websites to sell proprietary ideas on the black market, and so on.
As an organization, this is cause for worry because employees reuse passwords from their personal accounts for their official accounts, making it easy for attackers to gain access to your network.
What’s more, if your employees use their corporate network to access personal emails, where they can be exposed to phishing links, it can pose a direct threat to your network.
With the recent bring-your-everything-to-work trend gaining popularity in workplaces, you are opening yourself to the risks posed by your employees’ personal digital behavior.
Advancements in phishing attacks
Traditionally, phishing attacks could be completed only when an attachment was downloaded to a user’s system. However, URL- and SMS-based attacks are now gaining popularity. Here is how they work:
Preventing phishing attacks
Phishing has always called for a layered defense that includes detection and blocking. However, with organizations moving to the cloud, the same controls might not be effective. With the rapid pace at which phishing attacks are carried out, and the sheer volume of attacks designed to target organizations, traditional methods of defence can be rendered ineffective.
Effective measures to prevent phishing attacks from accessing your network include strong password policies, SSO, email controls and a general identity-driven security measure.
Akku, from CloudNow Technologies, is a powerful IAM solution that comes with the features mentioned above and more. To know more about how to implement iron-clad security that prevents phishing attacks, get in touch with us now.
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