Jad is a Cyber Risks Client Experience Manager in France. He supports Beazley’s clients in cyber security and data breach investigations, assists with privacy and security risk management as well as loss control.
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Phishing attacks have long been a cybersecurity challenge for organizations; today, they are responsible for more than 80% of reported security incidents. According to CISCO’s 2021 Cybersecurity Threat Trends report, about 90% of data breaches occur due to phishing. Spear phishing, which is the practice of sending emails that appear to be from a trusted sender in order to induce targets to reveal confidential information, is the most common type of phishing attack, comprising 65% of all phishing attacks.
Phishing attacks have long been a cybersecurity challenge for organizations; today, they are responsible for more than 80% of reported security incidents. According to CISCO’s 2021 Cybersecurity Threat Trends report, about 90% of data breaches occur due to phishing. Spear phishing, which is the practice of sending emails that appear to be from a trusted sender in order to induce targets to reveal confidential information, is the most common type of phishing attack, comprising 65% of all phishing attacks.
An important component of an organization’s cybersecurity protocol is to maintain ongoing vigilance when it comes to exposed vulnerabilities. A vulnerability is a weakness or a flaw that allows a threat actor to breach at least one of the three security principles: confidentiality, integrity and availability. Once a security vulnerability is made known, developers and security teams work together to provide a fix, which is called a security patch.
Organisations and websites are suffering cybersecurity incidents on a daily basis, some of them leading to the compromise of customers’ data. Compromised data frequently include lists of usernames and passwords, which allow the bad actors who possess them to access online resources such as websites and mobile applications. These passwords are then traded and sold on the internet, mostly on dark web marketplaces, but also on publicly accessible websites. Some of these password lists can be bought for as little as $5. Moreover, nowadays, passwords can be easily mis-shared or guessed, especially when users still use weak passwords (ex. “password” or “123456”) and with the abundance of personal information available on the Internet.