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Surge in Phishing Attacks Puts Cybersecurity in Peril

Information Security


In retrospect, phishing attacks have struck from time to time over the years. While the range of victims and tactics are evolving with the ever-changing technology landscape, it remains a severe security concern. Especially when a couple of large-scale phishing incidents were reported recently, hackers have infiltrated the non-fungible token (NFT) market.

One of the incidents occurred when OpenSea, the world’s most dominant NFT marketplace, was upgrading their smart contracts. Some users transferred their NFT assets to hackers by mistake as hackers launched a phishing attack when old contracts were migrating to the new ones. A famous NFT venture also suffered a total loss of nearly HK$10 million because many victims inadvertently clicked on the phishing link on Discord. As the pandemic is catalyzing, phishing attacks show no signs of abating. It is now critical for enterprises to avoid phishing attacks with a comprehensive cybersecurity protection solution.

Security Reinforcement: Integrated Measures and Enhanced Awareness

Phishing emails are still commonly adopted by hackers, causing serious losses in many major cybersecurity incidents that started with a single email. By luring victims to execute certain actions as stated in the highly disguised and localized phishing emails, hackers gain access to confidential data, steal digital assets and even dominate enterprises’ systems. A reliable email security solution is essential to safeguard this frontline and avoid security incidents. It can effectively and accurately analyze the email content and attachments, as well as quickly detect, filter and block malicious phishing emails.

Is it the time to “loosen your grip” on email security after reinforcing the infrastructure ? Enterprises should stay alert for phishing attacks by integrating multi-level security measures to maximize the performance of the email security solution and consolidate cybersecurity protection. Here’s a three-step approach to deploy protection against cyberattacks!

  1. Prevention
    • In order to avoid potential attacks, enterprises must conduct a regular network security assessment to scan the network environment thoroughly for vulnerabilities and system loopholes. Information security professionals can then correct them timely and prevent hackers from launching phishing attacks.

  2. Detection
    • Most of the enterprises have implemented hybrid working in light of the evolving pandemic, hence, employees can work from home to maintain business continuity. Unfortunately, working outside the internal network compromises the defense of endpoints, leaving them more vulnerable to attacks in the external protection-lacking environment. Hacker attacks are ever-evolving, unlike traditional measures, Endpoint Detection and Response (EDR) solutions automatically detect cyber threats, greatly educes the time required for identification and secures all endpoints effectively.

      As for important assets such as enterprises website, Web Application Firewall (WAF) solution helps monitor the network 24x7 in real time and close the websites’ loopholes. While enhancing the security of website and applications, it protects corporate reputation by preventing hackers from posting malicious links or contents on the website.

  3. Defense
    • Platform supported by the Security Information and Event Management (SIEM) technology comes in handy to further intensify network security, given the more intricate information and cybersecurity demands. Well-established managed security services can track billions of information security incidents of an enterprise while strengthening threat detection that promptly notifies and alerts the security team to respond, enabling more profound network security.
Most enterprises find it challenging to deploy comprehensive network protection with in-house manpower, which is why a reliable ICT partner can be a better alternative. To make it possible, CITIC Telecom CPC offers a wide range of network security options including but not limited to Managed Security Services (MSS), Managed Web Application Firewall (WAF), Endpoint Detection and Response (EDR), Information Assessment Service (IAS) and Email Security solutions, to build your ideal network environment. We can also design regular training and education programs to raise employees’ awareness of cybersecurity, curbing phishing attacks.

As your trusted cybersecurity partner, CITIC Telecom CPC fortifies your business advantages. Please feel free to contact our professional team to explore more about our TrustCSI™ Information Security Service.

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