6 Types Of Phishing Attacks And How To Protect Against Them

According to the 2020 Data Breach Report (DBIR), it is reported that Phishing is the second most turbulent form of security related incidents and stands on the top position in terms of data breaches. This impacts not just companies but also individuals and can lead to serious implications like theft of your bank details, personal information etc. and can have serious implications on both your personal and professional life.

What is Phishing?

The phishing meaning is rather simple and there are chances that it may have happened with you at some point in time. Often, we click on emails that seem enticing and offer amazing offers. Such emails may lead to data theft in several cases. Phishing is one of the most common privacy invasion and data extraction technique acquired by several fraudulent entities in order obtain critical information such as passwords and usernames.

How to Protect yourself from Phishing?

The simplest way to do so is by having a Wallet Care Plan by Bajaj Finserv that helps you to overcome any financial loses incurred as a result of debit/credit cards frauds and thefts that can happen as a result of phishing.

To understand phishing better let us know the different types of phishing attacks and ways of phishing prevention.

Types of Phishing Attacks

  1. Deceptive Phishing: As discussed above this is one of the most common type of phishing technique in which involves sharing of emails to groups. The attacker poses as any renowned organization and sends a fraudulent email to any individual making it look genuine and authentic. When someone opens the email, it contains links and URLs which if clicked can lead to data theft and the attacker can gain access to your sensitive personal data.
  2. Spear Phishing: As the name suggests, a spear can hit only one person and that is what this form of phishing technique does. Unlike deceptive phishing, in this form of data theft, an email is sent to only one individual and not a group. The targeted individual is then lured into sharing personal information like bank data and other personal information. This form of phishing is practiced mostly on social media.
  3. Whaling: This is a phishing technique that is applied on people of high repute such as individuals working at the executive level, for instance the CEO of an organization. In such cases the attacker takes time to build up communication and trust with the victim and after some time shares a phishing email which helps the attacker to easily extract all the critical information. The risk posed by such form of phishing is extremely high as the information available with executives, if stolen can lead to serious damage to both the individual and his/her organization.
  4. Pharming: This form of phishing attack is target to groups of people and can occur through two different ways. 1) with the help of a malicious code sent to the target through email which alters all the local host files on the recipient’s system. (2) with the help of DNS poisoning, which implies the domain name system table is reworked without causing any change in the system’s local host files.
  5. Vishing: Phishing can not just happen through emails but also over Voice Over Internet Protocol (VOIP) server available on your phone. This technique is called vishing wherein the attacker can imitate several entities by manipulating your VOIP and cause data theft.
  6. Smishing: Other than email and voice messages, phishing can also occur over normal text messages. In this technique a normal message is sent to the victim which contains URLs and information which if clicked on can lead to data theft.

How to Prevent Phishing

There are several ways that can answer your question of “how to prevent phishing or phishing attack”. The best approach is to carefully go through the details of any third-party entity approaching you through any form of digital media. Other tips include-

  1. Verify URL before clicking
  2. Install anti-phishing software
  3. Verify mobile numbers before sharing any information
  4. Enroll into online security training sessions given by organizations
  5. Do not answer phone calls from unknown numbers.
  6. It is important to have a Plan B in place in case you are phished. Hence you can go for the Cybersecurity Cover by Bajaj Finserv that will provide you assistance and cover in case you are phished. The plan protects you from monetary losses because of unlawful financial transactions.

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