Cybersecurity is one of the major concerns in the business landscape these days. As malware, data leaks, and man-in-the-middle attacks get more common and sophisticated, and with new security vulnerabilities arises, more and more companies are spending a fortune to prepare themselves for the worst-case scenario.
In fact, Cybersecurity Ventures revealed in its recent report that the global spending on data security products and services would surpass the $1 trillion mark by 2021. However, this figure is only minuscule compared to the cost of damage it is aimed to minimize. According to CSO Online, damages from cyber attacks could cost the world $6 trillion each year by 2021 – which is 100% up from what many experts expected in 2015.
One of the most dangerous yet often overlooked cyber threats these days is phishing that targeted against mobile devices. According to a post by Wandera, mobile phishing is now considered as the top security threat affecting corporate devices. In fact, in 2017, it was reported that 90% of enterprise data breaches are caused by mobile phishing – with 81% of attacks carried outside email.
Although phishing itself has long been regarded as one of the most common cyber attacks that affect desktop users, hackers have learned that mobile devices offer more lucrative opportunities and at the same time have the least protection against cyber threats.
Over the years, mobile phishing has become more advanced to the point that it already can even be deployed through SMS messages. As text messaging is increasingly becoming a standard in many offices, it can now be leveraged to extract credentials or other highly sensitive information such as bank account details, social security numbers of customers, and medical records of employees.
Learn more about the latest developing threats in mobile phishing by checking out the infographic below from TeleMessage.