Today’s mobile technology has a crucial impact on the way business operates. In many offices, smartphones are increasingly becoming the tool of choice of many employees, and those who do not work at a desk regularly now have the capabilities to access relevant corporate files with just a swipe and touch of a button.
While mobile technology has dramatically improved the productivity and flexibility of employees, it also makes the issue of data security more pronounced. Just a decade ago, many considered mobile threats such as mobile phishing as new and unlikely, and even considered themselves safe from such attacks – partly because mobile devices are not that yet widespread in their workplace.
However, today, thousands of companies across different sectors have fallen victim to various cyber-attacks – often including ransomware and cyber extortion executed through mobile phishing. In fact, more than 1.5 million new incidents of mobile malware have been detected in the first quarter of 2017 alone, according to reports from McAfee Labs.
In a separate study conducted by Dimensional Research, it was also reported that 20% of companies surveyed said their mobile devices had been breached. What’s surprising is that a quarter of respondents did not even know they have experienced a cyber attack. Such failure to recognize cyber-attacks targeted against in mobile devices can make a business suffer from heavy financial cost due to lost revenue, legal and regulatory cost, lawsuit awards and fines.
While no one is safe from being a target of mobile phishing, building an effective policy and systems in place to defend against common attacks used to snoop on mobile devices are proven to be effective in reducing the risk of being an easy target of such attack. To help you familiarize with the latest threats in mobile phishing, check out the infographic below from TeleMessage.