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Protect your business from these common financial phishing scams

Protect your business from these common financial phishing scams

The average office worker sends and receives around 121 emails every day.

And while that sounds like a lot, you may be shocked to learn that 3 billion phishing emails are sent each day. They account for 1% of all email traffic.

What’s a phishing email? It’s an email sent by cyber criminals that pretends to be from a trusted source, such as your bank, Amazon or a delivery company.

They’re trying to get you to click on a bad link. Maybe so they can install malware (malicious software) on your computer. Or to fool you into trying to log into a fake website; inadvertently giving away your login details.

The likelihood is that your team will each receive several phishing emails every week. So it’s really important they know the warning signs to look out for.

New research has revealed that PayPal was the most spoofed business in all financial phishing emails in 2021, accounting for 37.8% of attacks. Mastercard and American Express followed behind, with 12.2% and 10% share of attacks.

It’s because PayPal is so widely used – it has 392 million active accounts right now – that scammers pretend to be the online payments giant.

At a glance, a typical phishing email really looks like it has come from the real business.

It will ask the recipient to update their details, or check for unauthorised activity. The worry that someone may have breached their account can cause people to let hackers in. Ironic, isn’t it?

Phishing is bad for anyone personally. But if hackers get into any business account, the resulting data breach can be devastating.

It’s absolutely vital that you educate all your people on the warning signs to look out for.

First, always check the link you’re being asked to click. Hover your mouse over the link and look at the URL. Does it look suspicious? Is the business name spelt correctly?

Check the address the email has been sent from. Does it look like a standard email address from the business? Or does it seem a little strange?

Look closely at the content of the email too. Emails from scammers will likely contain grammatical mistakes. They might not address you by name, and the layout may look slightly different to a genuine email from that company.

Trust your gut feel. You might feel it’s not quite right but be unable to say why. Don’t ignore that nagging feeling.

If you’re ever unsure, go to your browser and type in the real website address, then log into your account that way.

How protected do you think your business is? Are you certain all members of your team would spot a scam before clicking a link?

We’d love to help you review your data security and cyber-crime awareness training. Get in touch.

What Our Clients Say

“Ben and the team at Beacon IT have understood Officeflow's vision since our first day of trading back in January 2020. Beacon IT's advice and the services they provide for us have grown and changed alongside us which has been invaluable support as a young business that has experienced rapid growth. We have needed a responsive and caring provider to offer the correct support as our business needs have evolved.

From website design and hosting to cloud accessible network data storage, Microsoft 365 management and centralised anti-virus management, Beacon IT cover some of the core areas of our business. We have recently signed off on the latest build of our website and we are delighted with the result and have had lots of great feedback from customers and suppliers across the country!

It all comes down to providing a personal and local approach to business and people and this is something Beacon IT get it right every time".

JAMES HARRIS

Director, Officeflow

"As someone who has known Ben for a good few years now, it has come as no surprise that he is building an exciting and growing business. Beacon IT provide us with a wide range of services, including all year round IT support, telephone, broadband, mobile phone and cloud services, backup, hardware and even designing and hosting our website. Sister Company, Abacus Security, also look after our CCTV, door entry and fire alarm systems.

The one thing that stands our for me is their ability to deliver, and question if needs be, what the best IT solutions are for our business across our four sites. In my experience, not all IT companies do this, and it's something I value above all else".

JOHN BANBURY

Director, Once Upon A Time Nursery

“RMC Global had a very specific requirement for IT support which included development of software. We were looking for a new supplier when Beacon IT started supporting our sister company, Anglian Assessors. We were impressed by the knowledge displayed and the forward-thinking way in which they looked at systems and the best solutions.

 

We started working with Beacon IT at the beginning of 2016 and have had consistently reliable support. The proactive team in place are fantastic, for which we have been very grateful, particularly during our recent premises move. A stressful experience was made far better through their support and hard work.

 

I would recommend Beacon IT to people who are looking for a holistic approach to IT support, coupled with a dedication to getting the job done well, that is second to none.”

DEBBIE WORBOYS

Operations Director, RMC Global Ltd

"Beacon IT built and designed me a new website that is very slick, user friendly and has been great for my business as it’s produced a large increase in interest from new customers.


Following a pleasant and professional experience with my personal website and IT queries I have asked Beacon IT to work alongside me on some of my electrical contracting jobs. All of the customers I’ve recommended Beacon IT for have seen a vast improvement in all aspects of their IT systems and have been over joyed with their approach and workmanship following mostly confusing, unreliable and expensive relationships with previous IT companies.


I continue to work alongside the Beacon IT team who are friendly, efficient, affordable and most importantly reliable for me and my long serving customers.


I’m happy to recommend Beacon IT to anyone and look forward to continuing our working relationship".

FRASER BROOKS

Owner, Brooks Electrical

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