Phishing attacks are more sophisticated than ever. Don’t fall for them by simulating your own attacks to increase awareness of the latest phishing techniques.
Financial advisers underestimate today’s sophisticated phishing attacks, but simulating attacks helps avoid becoming the next victim.
Phishing attacks used to be very simple to identify: random email messages appeared in your inbox, littered with poor grammar and spelling, and urged you to click a link that was obviously fake.
But today, hackers and attackers are using much more sophisticated techniques to get you to lower your guard and volunteer your personal information online, including account logins and passwords.
So how do you reduce the odds of falling victim to these sophisticated attacks?
Simulate your own sophisticated phishing attack.
In a classic example of Benjamin Franklin’s “an ounce of prevention is worth a pound of cure” idiom, you can deploy your own phishing attack across your business to determine what might happen should a real attack be encountered.
And in the spirit of operational efficiency, avoid spending your time creating your own simulated phishing campaign.
Outsource your simulated phishing attacks to one of the several providers that will test how well your business evades such schemes.
Learn more about who simulates phishing attacks and how much these services cost, covered in this month’s Morningstar Advisor column.
Read Protect Against Phishing Attacks at Morningstar Advisor.
While the services mentioned may seem expensive at first, consider how expensive correcting a real attack might be.
Not only can you potentially lose tens or hundreds of thousands of dollars, but you can also significantly tarnish the trust clients have in your organization.
