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Weekly Startups and Markets Newsletter

2022 in Cybersecurity

Cybercriminals had a pretty busy 2022, recent findings show. According to the annual report from Israeli cybersecurity company Perception Point, there was 356% growth globally in advanced phishing attacks attempted by malicious actors.

What’s scary to me is how often these attacks take advantage of the weakest link: us humans. For instance, the report shows an 83% year-on-year growth in attempts at business email compromise (BEC).

“In these attacks,” the report explains, “cybercriminals use fake emails to impersonate legitimate businesses and request large sums of money or confidential data from employees or business associates.”

The Weakest Link: Us Humans

This report highlights the fact that even with sophisticated cybersecurity measures in place, humans remain the weakest link in the chain. Cybercriminals are finding new and innovative ways to use social engineering to bypass these measures and gain access to sensitive information. It’s important for businesses to train their employees to be more aware of these tactics and to implement measures to prevent attacks.

Business Email Compromise (BEC)

BEC attacks target businesses of all sizes and types. The attackers create fake emails, often using social engineering tactics, to impersonate legitimate businesses and request large sums of money or confidential data from employees or business associates. These attacks can cause irreversible damage to a business’s reputation and bottom line. It’s essential for businesses to implement robust measures to prevent BEC attacks, including two-factor authentication and employee training.

The Need for Robust Cybersecurity Measures

The Perception Point report serves as a reminder of the importance of having robust cybersecurity measures in place. With the proliferation of sophisticated cyberattacks, it’s essential for businesses to stay up to date with the latest threats and to implement measures to prevent them. This includes training employees, implementing two-factor authentication, and using the latest antivirus software.

Conclusion

In an increasingly digital age, cybersecurity is more important than ever. The Perception Point report highlights the growing sophistication of cyberattacks and the need for businesses to take proactive measures to prevent them. By staying up to date with the latest threats and implementing robust cybersecurity measures, businesses can protect themselves from potentially devastating attacks.

FAQs

What is Perception Point?

Perception Point is an Israeli cybersecurity company that specializes in detecting and preventing advanced cyber threats.

What are advanced phishing attacks?

Advanced phishing attacks are sophisticated attacks that use social engineering tactics to bypass traditional security measures and gain access to sensitive information.

What is business email compromise (BEC)?

Business email compromise (BEC) is a type of cyberattack where the attacker creates fake emails to impersonate legitimate businesses and request large sums of money or confidential data from employees or business associates.

What measures can businesses take to prevent cyberattacks?

Businesses can take a number of measures to prevent cyberattacks, including training employees, implementing two-factor authentication, using the latest antivirus software, and staying up to date with the latest threats.

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