Friday, April 24, 2020

Why Do Threat Actors Send Phishing Emails?

The endgame of a phishing attempt could be one of a few things, sometimes in combination with one another:
Ransomware: The threat actor encrypts your personal and company files and sends you a ransom note that your systems are locked until you pay a fee (usually via a digital currency). This happens to businesses of all sizes and verticals. I’ve seen schools, municipalities, hospitals, banks, retail, manufacturing, etc., all hit with ransomware. While you can pay to release the ransom, that won’t stop the threat actor from hitting you again.
Malware: Sometimes the goal is to drop a probe on your network to gather more data before launching a more sophisticated attack. You might not even notice any wrongdoing after clicking on a malicious link. This is extremely important in the world of intellectual property – a threat actor may be acting on behalf of one of your largest competitors, attempting to steal patent, blueprint or script information to clone your valuable assets and beat you to market. This happens every day. To put it into context, when the U.S. government proposes adding tariffs to China because of ongoing intellectual property theft, this is what they are referencing.

Families are Important Too

Employees need to know that you are most concerned about their family and safety, according to Jim Perrier, CEO of Universal Data, a New Orleans-based solution provider severely impacted by Hurricane Katrina.

"Tell your employees to make sure that their families are cared for as soon as possible This means that they should submit information regarding their evacuation plans to their manager as early as possible. What will their action plan be if the storm is a Category 1, Category 2, or higher? At what point will they be evacuating and what is their destination?”

All pertinent information should be well documented and available to the head of personal or HR prior to hurricane season and updated, if possible, before any known potential threat is imminent.
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