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Before going ahead, I would like to quote the security guru Bruce Schneier which says "only amateurs attack machines: professionals target people"
The segment that we cater to is called as BEC (Business Email Compromise).
As per FBI, Email Fraud and Email Phishing Attacks have caused $26 Billion losses worldwide in last 3 years.
In one of India's largest cyber thefts, Chinese fraudsters stole ₹130 Crore from the local unit of Italian multinational Technimont.
The corona virus [COVID19] pandemic is a dream come true for all the cyber criminals worldwide, as they crafting Email attacks designed to snag personal information, steal money and infect corporate/business computers with malware/ransomware.
As a result, the potential for impulse clicking is higher than normal due to the environment filled with fear and uncertainty.
The probability of users, employees, vendors and customers clicking the malicious links and falling for the trap by becoming the target victims to any Email Phishing Scam is very high.
A Mumbai based company recently became victim to a sophisticated Email Spear Phishing Attack and ended up paying 70Lakhs INR thinking that they were paying to their regular vendor from Germany because the email appeared to originate from their vendor's business email address.
Imagine one of your customers falling victim to exact same scam because the email appeared to originate from your business email address.
There has been 600% rise in Email Phishing Attacks worldwide due to COVID19 and WFH policies worldwide.
So the Outbound Email Fraud Protection is more important and necessary than ever.
Hence implementing cyber security should be utmost priority along with other important business agendas.
We are here to SOLVE that very problem by protecting the companies and brands permanently from future BEC (Business Email Compromise) attacks orchestrated by cyber-criminals and fraudsters.
In the complete BEC scenario worldwide, the companies are getting targeted by hackers using Outbound Email Fraud & Email Phishing Attacks.
This is a huge and grave problem that must be addressed ASAP in order to protect the Company and Brand name from all sort of attacks like ransomware, terrorism, DDOS, etc. Also, from the LEGAL perspective it is very important to protect the company domains because if someone becomes victim to a phishing attack coming from your company domain name then they can actually SUE your organization for not protecting your own domain/s.
Security is a journey and not destination...
As they say "You are as secure as your weakest link".
Let's not make your Business/Corporate Email channel as your company's weakest link to bring financial & data losses and the brand damage in long run.
An organization is only as strong as the weakest link. Employee is an organization's weakest link. If an employee falls for a phishing attack, whole organization falls.
Today, employees are being bombarded with spear-phishing and socially engineered schemes.
Damage caused by phishing in a corporate environment can have dangerous repercussions like loss or misuse of confidential data, ruining the consumer’s trust in the brand, use of corporate network resources etc.
The PhishTime framework aims to help industry professionals learn how to tackle phishing attacks with its ease of setup, use, and powerful results.
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