Just like any other sector, trends in cybercrime are driven by a wide variety of factors, making it tough to accurately predict what may lead to cybersecurity challenges for businesses in the future. However, that doesn’t make it impossible for businesses to put themselves in a position to be ready for potential future cybersecurity challenges. Making smart moves in areas like email security now can go a long way toward ensuring that an organization has built a high cyber resilience and strong defenses that can withstand unexpected challenges now as well as those that may be around the corner.
Excerpted in part from the eBook The State of Email Security 2022 DOWNLOAD IT>>
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Watch Out for Danger Ahead Thanks to These 3 Factors
These three email security trends may impact business email security in the near future. Taking action to ensure that they’re relying on strong email security today by choosing a solution that continues to innovate for a constantly high level of protection can prevent businesses from having to deal with an expensive email-related cybersecurity disaster in the future.
Cybercrime-as-a-Service will make it easy for cybercriminals to launch more frequent attacks
The booming Cybercrime-as-a-Service (CaaS) economy offers cybercriminals a bounty of free or cheap resources and labor on the dark web, making it easy for cybercrime gangs to perpetrate more attacks than they could before and ratcheting up risk for businesses. Cybersecurity Ventures estimates that cybercrime raked in $6 trillion in 2021 and that growth isn’t expected to slow down anytime soon, with continued economic challenges and shifting technologies making cybercrime easy and attractive. CaaS and its attendant specialties have a bright future. Cybersecurity Ventures predicts that we’ll see a 15% increase in revenue for cybercrime in the next three years, resulting in a whopping $10.5 trillion by 2025.
The ‘software as a service’ model has had as big of an impact on cybercrime as it has had on legitimate business. It’s a breeze for even inexperienced cybercriminals to get their hands on the tools that they need to strike. As detailed by Microsoft, spear-phishing-for-hire can cost $100 to $1,000 per successful account takeover, and phishing kits sell for as little as $25. Bad actors don’t have to be software development experts to engage in things like ransomware or malware operations. It’s easy and cheap to just buy what they need. Ransomware kits cost as little as $66 upfront in a competitive market, and An estimated 300,000 thousand new pieces of malware are created daily. Hiring freelancers is common practice for everyone from run-of-the-mill cybercrime outfits to nation-state threat actors, and with phishing and ransomware specialists thick on the ground, the market should remain competitive, giving the bad guys a possible future edge in conducting phishing and ransomware attacks.
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Expect record rates of discovery for zero-day phishing attacks
Phishing attacks that have never been seen before are called zero-day attacks, and they are notoriously difficult for common email security tools like built-in security or a secure email gateway (SEG) to detect and block. Google estimates that 68% of phishing attacks can be classified as zero-day attacks. Threat actors can benefit greatly from exploiting a vulnerability in software and applications. Frequently these vulnerabilities linger, offering bad actors the opportunity to press their advantage against weaknesses that are unpatched. The goal is to strike before the software or application’s developers have the opportunity to come up with a fix for it or even know the vulnerability exists.
The fear factor associated with the zero-day attack is that once the hacker infiltrates a network, they can either attack immediately or wait for the right time to launch an attack. An exploit can remain undiscovered for months and sometimes even years if the hacker discovers it first. This is an area in which the bad guys excel, and it’s not going to go away anytime soon. Cybercriminals are very good at evolving their techniques to create new zero-day phishing attacks, which is very bad news for businesses that rely on old-fashioned email security. An estimated 90% of undetected phishing attacks are discovered in an environment that uses an SEG, and only 17% of standard email security tools can recognize zero-day malware.
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The IT skills shortage will continue to complicate business security
More phishing messages and other cyberattack threats pouring into organizations means that they’ll need to up their security game to handle the higher risk. Unfortunately, many organizations are finding it hard to hire the people that they need to do it. IT talent is at a premium, especially in security, and the market keeps getting tighter. Over 70% of IT managers in a staffing survey said that they couldn’t find the personnel they needed in 2021, resulting in chronically understaffed security teams. In the meantime, the pace of new threats continued to increase, leaving important security maintenance — like uploading new email threat intelligence reports or sorting real threats from false positive alerts — undone, placing organizations in a precarious security position.
Security automation driven by AI is the bright spot in this picture. Not only is it a powerful defensive tool, but it’s also a powerful tool for improving the security team’s quality of life by removing drudgery from their routine. Why waste expensive talent by having a technician responding to every alert, when AI can filter out the junk to make sure that your IT team is only tasked with investigating real problems? False positives are timewasters and the bane of IT teams. Respondents in a survey about alert fatigue said that 25% to 75% of the alerts they investigate on a daily basis are false positives, with 15% reporting that more than half of their security alerts are false positives. AI makes a quality automated solution smart enough to avoid flagging false positives.
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Rely on Graphus to Stop Phishing
Graphus is an automated email security solution that is powered by AI. That means that it can intelligently sort and filter the emails that come into a company’s environment to determine which ones are safe and which ones are suspicious. How does it do that? By using a unique, patented algorithm that fosters machine learning, enabling it to learn each company’s unique communication patterns and refine its judgment criteria all by itself to tailor that company’s protection now and in the future.
- TrustGraph® automatically detects and quarantines malicious emails that might break through an organization’s email security platform or existing Secure Email Gateway (SEG), so the end-user never interacts with harmful messages.
- EmployeeShield® alerts recipients of a potentially suspicious message to danger that they may not notice by placing an interactive warning banner at the top that allows users to quarantine or mark the message as safe with a single click.
- Phish911™ empowers employees to proactively report suspicious and unwanted emails for IT to investigate reducing your exposure to potential disaster.
Stop phishing immediately with Graphus – the most simple, automated and affordable phishing defense available today.