SRC's Guide to anti-phishing tools

Phishing is a social engineering technique that aims to trick the victim into providing sensitive information or performing some action on behalf of an attacker. Phishing attacks use different communication media—such as emails, phone calls, text messages, or social media—and the impact of these attacks can be devastating to any company. 

The Internet Crime Complaint Center (IC3) report shows that the cost of phishing in 2022 was $2.7 billion in the US alone. Worse yet, there has been a disturbing increase in the number of phishing emails sent annually, especially since the pandemic. Kaspersky, a famous antivirus vendor, reported that it successfully blocked almost 508 million phishing emails in 2022, twice the amount it detected in 2021. Other reports, like the SlashNext State of Phishing Report for 2022, also indicate an increase in phishing emails. 

Phishing attacks target not only normal individuals but also companies, regardless of their size or profitability. Unfortunately, phishing is still causing companies substantial financial losses, with the SolarWinds supply chain attack in 2021 a concrete example. A phishing attack on SolarWinds led to a supply chain attack that affected over 100 companies and government institutions. The full extent of the damage is not yet known. Even Facebook and Google—big, security-aware companies—fell victim to a phishing scheme in 2015 and lost over $100 million.  

All these statistics and famous attacks clearly show that phishing attacks can be devastating and that this attack type is becoming even more common among attackers. All companies should take this threat seriously and invest in anti-phishing tools to help detect, mitigate, or completely thwart phishing attacks and their consequences.  

In this article, we will look into some anti-phishing tools and discuss their potential benefits to your organization. 

Summary of crucial anti-phishing tools