Phishing is a process whereby an attacker approaches either an end-user or an employee of an organisation and attempts to either extract information from them such as usernames or passwords or otherwise attempts to make them install some type of malware in order to extract valuable data from an organisation or possibly to create the first step of several to work their way towards the valuable core of a business.
By Angelina Liparteliani, Marketing Assistant for PixelPin Ltd
As it was estimated by World Economic Forum, the cost of dealing with cyber-attacks and other types of data breaches reached trillions of dollars in 2017 and just in few years will hit $8 trillion. Experts say that cybercrime is in top 3 of the most dangerous global risks, after extreme weather conditions and natural disasters. Moreover, companies tend to hide 80% of breaches intentionally and only 20% of them become public.
As we look back over 2017, we have seen the highest ever rates of cyber crime across some very high profile victims. Equifax, Uber and Verizon were just a few of the household names who suffered in some way from digital data breaches, sometimes from known attackers, sometimes not. The UK National Health Service suffered a high number of ransomware attacks — the type of attack that usually encrypts the data you need on your IT systems and demands payments in return for the decryption key.