A CISO’s guide on the Rising risks of Enhanced Phishing

Chief Information Security Officers (CISOs) have some serious responsibilities on their shoulders as they single-handedly carry the security policies and enforcement, which are directly proportionate to an entire company’s success or downfall.

CISO’s insights and knowledge allow a company to balance out supporting its internal team while guarding the organization’s data and infrastructure.

However, in recent years, CISOs have witnessed shifts in the cybersecurity realm; especially with the technological advancements, cyberattacks such as phishing have increased by 58%, consisting of 90% data and 42% malware and ransomware attacks, affecting millions of users yearly (Cisco).

Even with the latest security protocols and software, it is only possible to fully protect against cyber threats with proper security awareness and strategies.

Therefore, to protect your company from an avoidable phishing attempt, AITech Park brings you a comprehensive guide on the different types of phishing attacks and how CISOs and their internal teams can handle them.

For a better understanding, let’s dive into the different types of new-age phishing attacks:

Email Phishing

Email phishing is the oldest and most common form of phishing, where scammers send spam emails to as many people as possible, hoping that a fraction of the targets fall for the attack. As per a recent study by Deloitte, it was witnessed that 91% of cyberattacks begin with email phishing and 32% of successful breaches involve the use of phishing techniques.

Cyberattackers often impersonate any well-known or legitimate brands and target their victim through those brands.

How to Spot Spam Emails?

Scammers often write email subject lines that are more appealing with strong emotions or create a sense of urgency. The body of the email instructs the recipient to take reasonable actions that deal with sensitive information or downloading malware. For instance, a phishing link might read, “Click here to update your profile.” When the victim clicks that malicious link, it takes them to a fake website that embezzles their login credentials.

Deepfake Scams

With rapid development in AI technology, deepfake has become more accessible to users. In recent research by Egress, 63% of cybersecurity personnel surveyed were worried about the cyber attacks introduced by deepfakes. To battle these types of attacks, CISOs can use deepfake detection tools that are available on the internet. These tools can point out synthetic images generated by AI and ML technologies, leaving unique traces that are invisible to the human eye. For instance, in recent years there have been modified videos of popular dignitaries that are common on social media platforms; these videos can be with a fun intention or sometimes defaming them through manipulated speeches or actions.

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