Fake Emails are Becoming a Major Issue for Businesses

Fake Email Scams are Becoming a Major Issue for Businesses

You might be surprised to know that more than 3.4 billion fake emails are sent around the globe each day. What does this mean? It means that almost every company out there is vulnerable to cyber crimes in the form of “spoofing” and “phishing” and other fake email scams. On top of this, most companies out there have not protected themselves from this type of cyber attack. What’s even more interesting is that the vast majority of these emails are not coming from some foreign land, but they are coming from sources based in the US.

Fake Email Scams are Becoming a Major Issue for Businesses

Fake Email Scams – Spoofing and Phishing

This all sounds pretty dreary, but it’s not all bad. Research is showing that many industries in the US are making strides against these fake emails, though some are working harder than others.

To get the data for this research, companies like Valimail is using data from internal analysis of billions of different email authentication requests. The company also used almost 20 million public records about email to publish its report.

This report shows that email impersonation, which made up 1.2 percent of all emails sent during the first quarter of 2019, is the favorite weapon of cyber criminals to get access to a network. They also try to get access to sensitive information and intellectual property.

Traditional prevention of Fake Email Scams

Fake email scams are a problem, and they are not blocked by cyber security defenses that are traditionally used.

These fake emails are one of the biggest sources of cyber attacks. As more businesses recognize email vulnerabilities, organizations should start using authentication technology to protect against fraudulent and untrustworthy senders.

The fact is this: too many cyber criminals are using fake emails to get through these defenses, and better methods to identify senders is needed to make sure that email is more trustworthy both now and in the future.

Protect Yourself from Fake Email Scams:

  • The e-mails usually contain at least one link they want you to click. Hover your mouse to see what the URL is. It may appear legit, but note the “http” part.
  • Reputable sites for giant businesses, such as Microsoft and PayPal, will have an “https” in their URL. The phishing link’s URL will usually not have the “s.”
  • A big red flag is if there are typos or poorly constructed sentences, but a phishing e-mail may also have flawless text.
  • Don’t be fooled by company logos, stock imagery, privacy policies, phone numbers and other formalities in the message field. It’s so easy for a hacker to put these elements in there.
  • Be leery of warnings or alerts that don’t sound right. Gee, why would your account be “in danger of being suspended”?

Written by Robert Siciliano, CEO of Credit Parent, Head of Training & Security Awareness Expert at Protect Now, #1 Best Selling Amazon author, Media Personality & Architect of CSI Protection Certification.