Ninety percent of cyberattacks involve spear phishing, a bogus email pretending to be from a legitimate business or individual, but instead emanating from cybercriminals seeking personally identifiable information, passwords, and financial information.
That is according to San Mateo, Calif.-based security provider Agari's Total Economic Impact study conducted by Forrester Consulting on its behalf.
The threat to businesses, including financial institutions, is they must protect their brand reputation and restore trust in the inbox. “If people don't trust your email, they are not going to trust that legitimate message that you send them,” John Wilson, Agari field chief technology officer said.
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Roy Urrico
Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).
