GUEST ESSAY: These advanced phishing tactics should put all businesses on high alert

Phishing attacks are nothing new, but scammers are getting savvier with their tactics.

Related: The threat of ‘business logic’ hacks

The Iranian hacker group TA453 has recently been using a technique that creates multiple personas to trick victims, deploying “social proof” to scam people into engaging in a thread. One example comes from Proofpoint, where a researcher began corresponding with an attacker posing as another researcher.

Other Iranian-based cyberattacks have included hackers targeting Albanian government systems and spear phishing scams. According to a new study, phishing attacks rose 61 percent in 2022, with cryptocurrency fraud increasing 257 percent year-over-year.

Companies and consumers must be more cautious than ever when using their devices. Here are four new phishing trends keeping businesses on their toes.

Spear phishing

Spear phishing attacks have taken the dangers of traditional phishing to another level, mainly because it’s highly targeted and precise.

Nowadays, small businesses are more susceptible to spear phishing since they lack the IT security infrastructure in larger organizations. As more people work remotely, companies must be vigilant when sending and filling out online forms, such as login pages — a newly-preferred mode of enticing potential victims.

These cases involved employees entering a harmless site, then getting redirected to a dangerous one. From there, they enter their credentials and unknowingly give them to…

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