Social engineering attacks represent one of the biggest enterprise cyber security challenges—and email phishing is one of the most common vectors. By impersonating employees, organisations and brands, phishing attacks often aim to trick email recipients into clicking on malicious links. After using stolen passwords or malware to take control of legitimate user accounts, hackers are free to deploy ransomware, extract sensitive data and steal financial information.
The cost of phishing is staggering. In the last 15 years, the FBI estimates that phishing has led to over $9 billion in losses from theft. Phishing is also becoming more prevalent, especially since remote working increased dramatically in the first half of 2020. According to Barracuda Networks, email phishing attacks spiked over 600 percent since the end of February 2020 as a direct result of the COVID-19 crisis. Today, around 22 percent of all data breaches can be traced back to a successful email phishing attack.
One of the main reasons why phishing is such a tough challenge is the cost asymmetry between attacker and defender. While attackers can quickly and easily shift tactics, enterprise IT teams must make continual, time-consuming updates to business rules, keywords and approved-sender lists to keep up. Since overzealous email filtering can trigger a flurry of complaints from the business, IT must perform a delicate balancing act to keep users and systems secure—while dozens of other priorities compete for their limited time.
Because phishing attacks can be so difficult to block, it can be tempting for businesses to place unrealistic pressure on their employees to identify malicious emails and links themselves. Although improved security training is undoubtedly helpful, many users lack the experience to defend themselves against every type of phishing attempt. Moreover, some spear- and whale-phishing attacks are so carefully researched and planned that they would be difficult for even seasoned information security teams to identify.
To turn the tide against cyber criminals, it’s vital to shift the burden of cost and complexity onto the attacker. Thanks to the latest advances in artificial intelligence (AI) and machine learning, enterprise IT departments can now do exactly that.
With Northdoor’s Ajax Intelligence anti-phishing solution, your business can harness intelligent automation to stop phishing attacks in their tracks. Using more than 100 linguistic and technical analytics algorithms, the Northdoor solution identifies signs of compromise with pinpoint precision. By re-writing suspect emails to disable questionable links and add user-friendly warning banners, Ajax Intelligence helps employees improve their security effortlessly.
Crucially, the Northdoor solution is always learning. Without intervention from IT personnel, Ajax Intelligence becomes more accurate over time, which means that it is always one step ahead of new email phishing tactics. As a result, IT can focus on value-added activities, while the business can be confident that legitimate emails will reach them without delay.
Northdoor’s Ajax Intelligence anti-phishing solution is the first of its kind to be developed in collaboration with UK Government and Cyber Intelligence agencies, and is fully compliant with the requirements of the General Data Protection Regulation (GDPR). Deployment is simple, and the solution offers native integration with both Microsoft Office 365 and Google G Suite.