For example, your company might get a message that appears to be from a contractor or supplier. I don’t think our client will get their money back. And, to mitigate your risk, you must educate your team. Usually, cybercriminals pretend to be an organization or individual that you know, and include a piece of content—a link, an email attachment, etc.—that they know you’ll want to interact with. Until now, we’ve discussed phishing attacks that for the most part rely solely on email as a … … The emails used a common phishing technique where malicious attachments were embedded into the emails. Cybercriminals can spoof emails so well that even professionals can’t tell the difference. Phishing vs Spear Phishing Phishing and spear phishing are very common forms of email attack designed to you into performing a specific action—typically clicking on a malicious link or attachment. This screenshot shows an example of a phishing email falsely claiming to be from a real bank. If an employee is still in doubt, have him pick up the phone and call the organization. Instead, have your employees visit the site in question…directly. There’s simply no such thing as a “trustworthy” email. “Spear phishing is a much more customized attack that appears to be from someone you’re familiar with.” And it’s gaining momentum: Spear-phishing attacks increased 620 percent between February 2016 and February 2018, according to AppRiver research. by Steve Kennen | May 16, 2019 | Network Security. Phishing attack examples. In the online account, employees can check if the organization is handing out the same instructions contained in the email. What our client didn’t notice was this: the domain used as the email address was slightly incorrect. They created a nearly identical email address. Spear Phishing. However, if you look in the backend, you’ll find the actual address. There are also two other possibilities that hackers could do with your W-2s. Phishing emails can also be used to trick a user into clicking on a malicious attachment or link that is embedded into an email. To get in touch, call us at 704-464-3075, or contact us here. While phone calls may seem like a waste of time, the biggest waste is sending $100,000 to a scammer overseas. For most people, spear phishing emails may sound simple and vague, but it has evolved to its whole new levels, and it cannot be traced and tracked without prior knowledge. Here are 7 lessons from this spear phishing attack you can discuss with your team: Your company needs a dedicated policy and procedure for making financial decisions. To make these kinds of emails appear true-to-life, hackers alter the “from” field. What makes this a Phishing message? 4.2.3.1.1 Spear-phishing attack. The more likely of the two is the hackers would sell this data on dark-web forums, allowing other cybercriminals to do as they please with this information. Here's how to recognize each type of phishing attack. Business email compromise attacks, for example, are also known as whaling, CEO fraud, or wire-transfer fraud. Email phishing. Opening a file like the one embedded into the email will launch ‘PowerDuke’ into action. Another defense against spear phishing that’s recommended is DMARC. They began to demand payment from our client…daily. In one spear phishing example we saw, a hacker pretended to be the CEO of a company. Sure, it’s going to create more hassle for your employees. Even one of largest e-mail providers for major companies like Best Buy, Citi, Hilton, LL Bean, Marriott, has been the target of a spear phishing attack that caused the stealing of customers’ data. However, the quantity and quality of phishing emails have dramatically improved over the last decade and it's becoming increasingly difficult to detect spear phishing emails without prior knowledge. Ransomware is still a threat to businesses everywhere, but there’s a variation that’s emerged on the scene in September that’s even trickier to deal with. Whaling. Below is an example of an eFax document that was included in the spear phishing campaign. WatchPoint has created a PowerShell script to allow you to simulate an attack. Tell employees to visit a site directly. Phishing versus spear phishing. Spear phishing attacks could also target you on multiple messaging platforms. In the beginning of September 2020, Proofpoint revealed that it had detected two spear-phishing attack campaigns involving China-based APT group TA413. But that didn’t stop a sophisticated spear phishing scheme from tricking our client into forfeiting a five-figure sum. Spearphishing with a link is a specific variant of spearphishing. Spear phishing attack example: Spear phishing and phishing attacks are deployed with similar forms of email attack which includes a typical malicious link or an attachment. Spear phishing is a form of email attack in which fraudsters tailor their message to a specific person. W-2 Spear Phishing Attacks. Spear phishing attacks differ from typical phishing attacks in that they are more targeted and personalized in order to increase chances of fooling recipients. Each week my team encounters another example of spear phishing. The Scoular Company. In this second step, hackers still rely upon bots. Spear phishing isn’t going away anytime soon. You may see a string of emails designed to lure you into taking action. In contrast, more sophisticated phishers do their homework, then specifically target certain groups, organizations, or people. Spear phishing is often the first step used to penetrate a company’s defenses and carry out a targeted attack. As you learn about this spear phishing example, I’d encourage you to make it a teaching moment for your company and its employees. How Does Spear Phishing Work? State-Sponsored Phishing Attacks. 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