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How to recognize and protect yourself against phishing scams
Cybercriminals use increasingly sophisticated methods to steal data and commit fraud. Yet, it’s often the most straightforward scams that prove most lucrative. Phishing scams are among the most common types of fraud. A successful phishing scam against your business could subsequently lead to data breaches and all the associated consequences.

IBM says the average cost of a data breach is almost $4 million.

Worryingly, despite businesses investing significant sums in training and awareness programs for their teams, Verizon says users open nearly a third of phishing messages. Unfortunately, we don’t know how many of these lead to someone clicking a link or sharing sensitive information. However, this is likely to be a considerable proportion of recipients, too.

What is phishing?

Phishing is a type of fraud most often categorized as a cybercrime, as they often occur via email, text message or social media. However, phishing can also happen over the phone, either in person or by automated robocaller systems.

Phishing involves criminals posing as legitimate businesses or persons to get you to part with sensitive details. Often criminals are after your bank or credit card details, or information like passwords. Crucially, phishing scams don’t necessarily need you to give details for them to work. For example, merely opening a scam email or text message can be enough to trigger malware that subsequently harvests saved passwords from your web browser.

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