Guardian Digital Blog - Page No: 6

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real estate wire fraud

Wire transfer scams in the real estate industry are on the rise. Buying a home should be a joyful, celebratory affair; however, in reality, wire transfer fraud victims around the world are losing their life savings in the closing process every day.

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Most people are familiar with phishing and ransomware because these attacks receive frequent coverage in the media. However, business email compromise (BEC), which involves a criminal gaining access to a corporate email account and spoofing the account owner’s identity in order to steal money, is another very dangerous and surprisingly prevalent email attack that gets far less attention.

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It is extremely rare that a day goes by without a devastating ransomware attack appearing in the media. These attacks are so prevalent that people have begun to dismiss them as inevitable. However, this is far from the truth. The ominous threat that ransomware poses to all businesses can be eliminated with a comprehensive, effective email security solution.

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Imagine this: You receive an email that reads “Hi Joe, I need you to do a transfer for me before EOB. Please email the required details you will need.” Would you question the legitimacy of this message? Would you reply?

Although an email like this may come across as fairly typical and harmless, there is a good chance that it is a whaling attempt which could have devastating consequences for you and your company.

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a man opening email with spear phishing protection on

Spear phishing is the act of sending fraudulent emails that appear to be from a known or trusted sender in order to obtain sensitive information. In this highly targeted variation of phishing, messages often appear to be from someone you know such as a company colleague, your bank, a family member or a friend.

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When it comes to email security, many businesses have the misconception that the “one size fits all” approach that Microsoft or Google provide within its default Outlook and GSuite is enough to effectively protect their users from today’s sophisticated email threats. This could not be further from the truth.  

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Most people are somewhat familiar with prevalent and dangerous email threats like phishing and malware; however, the methods utilized in these attack variations and the most effective way to combat these threats can be complex and confusing. Guardian Digital wants to educate businesses about common and costly email attacks, helping them navigate the complicated threat landscape with the latest information and the email security language they need to know to keep their users secure. 

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