You’re likely no stranger to the perils that can hide within your email inbox. But have you ever paused to consider that an email appearing to be from a trusted giant like Microsoft could transform into your worst online nightmare? Keep reading to learn more about shielding your business from phishing scams.
Microsoft, the familiar and dependable tech giant, has unwittingly become the prime target for phishing attacks. These attacks are executed by cybercriminals who craft emails containing harmful links or files, all in an attempt to pilfer your sensitive data.
Although Microsoft is not at fault here, it’s crucial for both you and your employees to stay vigilant and cautious when encountering anything even remotely suspicious.
In the second quarter of 2023, Microsoft surged to claim the leading position among brands that criminals imitate, with a staggering 29% of brand phishing attempts bearing its facade.
This places Microsoft comfortably ahead of the runner-up, Google, at 19.5%, and secures Apple’s third spot at 5.2%. These three tech giants combined constitute more than half of all the observed brand imitation attacks.
Implications for Your Business
In the face of a noticeable surge in fabricated emails aimed at countless Windows and Microsoft 365 users worldwide, astute observation can be your defense against identity theft and fraudulent schemes.
While the specific brands under attack may vary every quarter, cybercriminals tend to stick to their modus operandi. They employ elements like genuine-looking logos, colors, and fonts. Phishing scams often employ domains or URLs that closely resemble the real deal. However, meticulous scrutiny of these, coupled with the content of the messages, will often uncover grammatical errors and typos—the telltale indicators of a phishing endeavor.
In one of the latest scams, victims are informed of suspicious sign-in activity on their Microsoft accounts, with a malicious link provided for “verification.” These links are cunningly designed to pilfer everything from login credentials to payment particulars.
While technology companies remain prime targets for scams, numerous cybercriminals are veering toward financial services, such as online banking, gift cards, and digital shopping orders. During Q2 of 2023, Wells Fargo and Amazon both joined the top five, accounting for 4.2% and 4% of brand phishing attempts, respectively.
Securing Your Business: What You Can Do
Counteracting phishing attempts requires a simpler approach than you might assume. The most effective strategy when confronting phishing threats involves slowing down, carefully observing, and conducting thorough analyses. Scrutinize URLs, domains, and the content of messages for any inconsistencies or deviations that might signal a scam.