The increasing digitisation of industry plays a vital role in business growth. But it also brings risk – cybercrime is evolving and growing fast.
Cybercrime targets victims from private individuals to large corporates, through various forms of phishing and illicit installations of malware. The results are lost income, reputational damage, financial loss and ransomed data.
We want to help you build your cybercrime knowledge. Here are the main risks that corporates should consider:
- Phishing: One of the most common cyber-attacks, phishing operates through emails which are often convincing and appear to come from legitimate senders. These messages entice their targets to click on links or attachments which, in turn, facilitate theft or fraud. Find out more here about phishing.
- Malware: Malicious software is coded with the intention of harming its target. Affecting private and corporate users alike, it can steal information, damage data, hijack website visits and spy on internet activity. Fraudulent redirection of internet banking users is an increasingly frequent form of attack. Find out more here about malware.
- Business email compromise: Cyber-attacks on organisations have increased steadily in recent years. With criminals constantly devising new ways to steal information and money, one of the newest emerging threats is Business Email Compromise, also known as CEO or Chairman Fraud. Targets of this scam can lose huge sums because of one suspicious email. Find out more here about Business Email Compromise.
- Text and phone scams: Texts and phone calls can be used maliciously to facilitate theft and fraud. 'Vishing' calls try to alarm recipients into making payments or providing important financial information. 'Smishing' texts may additionally try to entice their target to click on malicious links, activating trojan viruses which can steal passwords and other high-value data. Find out more here about text and phone scams.