Phishing and scam in the internet

Phishing and scam in the internet have flourished in the recent past due to convenience of online commerce, favorable economic and technological conditions. Phishing is an act of stealing personal information of a victim via internet with an aim committing financial fraud while scam id dishonest scheme aimed to steal money or goods from the victim. Phishing and scam land scape is vast ranging from social engineering, business email compromise, voice technology, phishing as service, phishing kits, SIM Swapping etc. The perpetrators of the vice are flexible and keep on changing that pose great threat to organizations as well as employees.

How phishing and scam affect organizations and employees

The consciences of phishing and scam against organization or individual   can be detrimental that lead to massive loses or permanent collapse of the organization. And according to data Breach investigation report 93% of cases of network security are caused by phishing and scam. This solely depends on the end user interaction with the trap. Below are some of the effect of phishing against an organization and its employees:

Reputational damage.

Brands are built on trust and it is key to every organization’s market capitalization. Therefore, discloser of embarrassing internal   information to the public can tarnish the brand of the organization. Besides, it can affect the perception of the brand as untrustworthy for clients, employees and partners thus lead to massive blow off of thousands of millions out your market capitalization of an organization.

Loss of intellectual property.

This the most devastating loss an organization can suffer on the hand of phishers. Phishing can compromise trade secrets, customers list and costly research. For organization such as pharmaceutical where a single drug design can cost millions. The protection of data against breach should be taken for granted.

Direct costs.

Phishing attack on your organization or employees can attract fines levied by regulatory bodies in the circumstance where the breaches contravene HIPAA or PCI. further more the cost of compensating the employees or customers that they identity protection have been compromised can easily attract loss of millions.

In conclusion employees and organization should take the protection of their data seriously since the consequence of the   phishing and scam to organization and employees are stanning that no one would like to experience

Cookies, privacy and cyber security

Security concern about cookies. Cookies can be issued by any website and the information stored in cookies are subject to modification each time the user visited the website. Therefore, cookies   can be snooped easily and forged by phishers or hackers. Cookies have a number of vulnerabilities as far as the cyber security concern. That is network threats, cookies harvesting threats and end system threats. Network threats are effective in the use of cookiess due to the fact that cookies are transmitted in clear text and can be modified during transfer. The organization can use secure socket layer (SSL) to shield the cookies during transfer over the network. End system threats are associated with vulnerabilities such as forgery of information and impersonation of other users

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