Research according to the Barclays, a UK based multinational investment bank, demonstrates that phishing has cost growing IT and telecom companies more than £1,000 per extortion and that online extortion has led to a loss of about 50,000 UK jobs due to the victimised SMEs needing to make redundancies to recoup costs.

A newly founded venture is likely to not have an IT sector or giant financial sources and identifying or avoiding phishing attacks might be a difficult step to take. Do not stress; here is a quick rundown of 5 different ways to shield your company from phishing attacks!

Purchase reliable antivirus programs and cyber insurance

It’s an exceptionally basic step that numerous organizations overlook, yet these tools play an important role in finding phishing emails and malware before they get delivered to your primary inbox.

  • Check for spam filters in the market
    Antivirus programming consists of Avast, Norton, and Symantec. Complete a serious survey and explore the one antivirus with the most reliable features, best results, and cost-effective pricing.
  • Purchase trusted insurance policy
    Ordinary business insurance policies seldom cover cyber assaults. In case your organisation succumbs to an effective phishing assault, there are potential harms that can make you bankrupt.

Keep an eye on suspicious emails

  • Look for obvious phishing hints
    A lot of phishing messages are genuinely self-evident. They will be covered in grammatical errors, words in capitals and exclamation marks.
  • Stay proactive
    Even the professional cybercriminals will regularly commit errors in these messages every other time and they even might do it purposefully to get across spam filters, enhance reactions and get rid of the ‘keen’ beneficiaries who won’t fall for the con.

Introduce a password security policy

  • Order Complex Passwords and pins: 
    Complex passwords (those with over twelve characters, capitalized and lowercase letters, numbers, and accentuation) make speculating a secret pin much harder.
  • Implement Regular Password Changes: Even with complex passwords being used, you cannot surrender anything over to risk. It is a best practice to change passwords for all organization accounts every two to three months.

  • Empower Two-Factor Authentication (2FA): Regardless of whether cybercriminal figures out a way to break a password, include another layer of security by enabling 2FA.

Respond quickly to scam related incidents

  • Inform Credit Agencies
    Reach one of the three noteworthy acknowledged departments as quickly as time permits and let them know your account was held target to a cybercrime activity. Place an extortion alert for you until the point when the issue has been settled.
  • Reach Credit Card Companies
    Notify credit card companies and clarify the circumstance. Your cards might not have been utilised yet, it is necessary to freeze or drop your cards. Tell your bank what problem has occurred, so they can protect your accounts.
  • Remain proactive
    Until you are sure beyond a shadow of a doubt phishing or scam related issues have died down you need to recognise what to search for later. The more you learn about phishing and other internet frauds, the more unlikely it is such issues will happen.

Create awareness about phishing attacks among employees

Identifying a phishing email is not simple since they frequently look like ordinary messages originating from a reliable source. In any case, there are numerous signs workers ought to be watchful for that can help distinguish a phishing email before it has past the point of no return

  • The email requests individual data: On the off chance that an email requests a secret key or a piece of confidential information, urge representatives to approach it with distrust.
  • Search for language blunders:
    Check if the email has incorrectly spelled words, irregular upper casings, or simply does not seem like the individual who might have sent it, it might be a phishing case.
  • Check the hyperlinks:
    Urge representatives to inspect URLs before tapping on them. They can do this by moving the cursor over it or right-clicking it and replicating it into a Word doc to see it first.

How do we protect our clients from Phishing Attacks?

With phishing attacks becoming more and more prominent amongst small business it is of paramount importance that companies get something in place to protect themselves against what can be devastating. Over the last 6 months we have rigorously tested a range of products to make sure what we recommend is the best of the best. This is why we are now strongly promoting the installation of an advanced threat protection. This particular version will dramatically reduce the chance of future phishing emails getting near your inbox but once deployed will search around your current mailboxes to make sure there is nothing malicious to be found.

To find out more please contact us on 0207 042 6310 or simply email to charlie.gibson@lucidica.com .