Avoid clicking on any suspicious links. Although most people have been warned about phishing, they may not fully comprehend the consequences of a phishing attack.
A successful phishing attack can have numerous ramifications. Sometimes the consequences are financial, sometimes they are reputational, and they are frequently severe. Examine some of the most common effects of a phishing attack on an organization.
𝐂𝐫𝐞𝐝𝐞𝐧𝐭𝐢𝐚𝐥 𝐭𝐡𝐞𝐟𝐭 𝐦𝐚𝐲 𝐥𝐞𝐚𝐝 𝐭𝐨 𝐦𝐚𝐣𝐨𝐫 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐝𝐢𝐬𝐫𝐮𝐩𝐭𝐢𝐨𝐧
A phishing attack aimed at stealing credentials seeks to protect the end user’s identity through password theft. When passwords are stolen, a cybercriminal has potentially gained access to a company’s highly confidential data.
Once successfully hacked into an organization’s network, criminals may install encryption ransomware, preventing access to systems and data until a bounty is paid. Expect significant business disruption while your IT teams work to identify the ransomware, communicate with employees, update security systems, deal with authorities, and recover files.
𝐈𝐧𝐬𝐭𝐚𝐥𝐥𝐢𝐧𝐠 𝐦𝐚𝐥𝐰𝐚𝐫𝐞 𝐦𝐚𝐲 𝐥𝐞𝐚𝐝 𝐭𝐨 𝐞𝐱𝐭𝐨𝐫𝐭𝐢𝐨𝐧
Malware (malicious software) may be installed on a user’s device as part of a phishing scam. Scammers have access to files and can track user behavior once they have been infected. Cyber criminals can actively steal important company data by accessing these files and spying on employees’ digital movements. Employees and organizations may receive extortion emails demanding payments to avoid the release of sensitive data or information if that data is lost or stolen.
𝐒𝐨𝐜𝐢𝐚𝐥 𝐞𝐧𝐠𝐢𝐧𝐞𝐞𝐫𝐢𝐧𝐠 𝐦𝐚𝐲 𝐥𝐞𝐚𝐝 𝐭𝐨 𝐦𝐨𝐧𝐞𝐭𝐚𝐫𝐲 𝐭𝐡𝐞𝐟𝐭
Employees are used in social engineering attacks such as phishing to gain access to data, information, networks, and even money. Cybercriminals may gain access to supplier information and then impersonate those suppliers, manipulating invoices with ‘updated’ banking details in the hope that organizations will pay invoices to criminal accounts.