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It’s beginning to look a lot like Phishing…
It’s beginning to look a lot like Phishing…
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    Did you know that most cases of cyberattack and online fraud begin with an e-mail? Phishing still is one of the top vectors to distribute malware or to harvest critical data like credentials in order to conduct scams.

    Cybersecurity service provider Cyren recently confirmed that Phishing continues to be the predominant threat arriving in users’ mailboxes with 82% of incidents of all monitored incidents in 2021 being classified as phishing. Proofpoint’s “State of the Phish 2021” report shows what might happen in phishing cases revealing following top impacts of successful phishing attacks:

    • Lost data: 60%
    • Compromised accounts or credentials: 52%
    • Ransomware infections: 47%
    • Malware infections: 29%
    • Financial Loss: 18%

    Munich Re is also observing that a phishing attack is targeted towards financial data, internal business date, credentials as well as healthcare related and medical data. These are the top types of data that usually are compromised in a phishing attack.

    Please reject to klick on phishy “Christmas gifts” that might reach your inbox. What organizations and end users might do to successfully “phish” the Phish is to implement decent security controls including:

    • Antivirus / antispyware software
    • Desktop and network firewalls
    • Anti-phishing toolbar in web browsers
    • Gateway e-mail filter and web security gateway
    • Spam and phishing filters from renowned vendors
    • Awareness training and phishing tests.

    With these measures you are prepared. Don’t let phishing attacks spoil your festive season.

    Together with our clients, we’re creating cyber solutions that go far beyond traditional risk transfer.

    Have yourself a merry little cyber insurance!

    Munich Re Experts
    Martin Kreuzer
    Martin Kreuzer
    Senior Risk Manager Cyber Risks


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