Phishing prevention protects against phishing attacks, phishing attacks trick unsuspecting individuals into revealing personal and security-sensitive information using fake digital communications.

Key takeaways

• The term "phishing" is a play on the word "fishing," as threat actors use bait to "hook" people into revealing sensitive information, similar to how anglers catch fish.
• Phishing attack prevention requires a proactive defense strategy with a multi-layered approach that combines employee education, robust security technologies, and well-defined incident response plans.
• Generative AI has the potential to revolutionize countless industries, improving productivity and quality. But in the wrong hands, it can be a tool for harm in advanced phishing schemes. 
• Adopting advanced Identity technologies, such as passkeys, enables passwordless and phishing-resistant user experiences with continuous threat protection against evolving phishing tactics.

What is Phishing?

The term “Phishing” was coined in the mid-nineties and describes a type of social engineering attack that preys on natural human tendencies to trust, comply with authority, and act quickly in the face of perceived emergencies. Threat actors craft convincing messages that impersonate legitimate entities, using familiar branding and language to gain the victim's trust.

How phishing exploits human psychology and behavior

Phishing attempts often employ tactics that create a sense of urgency or fear, pressuring the target to act without verifying the request's authenticity. They may also appeal to human curiosity, greed, or the desire to help others, as seen in cat-phishing (a.k.a. catfishing) scams that exploit the victim's emotions. Attackers can manipulate human psychology to bypass technical security measures and dupe individuals into revealing sensitive information or taking actions that compromise their security. 

Recent trends and advancements in phishing strategies

Organizations and their staff need to stay informed and implement strong phishing prevention measures, particularly as Phishing techniques continue to mature. Attackers now craft highly personalized and convincing emails, leveraging advanced technologies like generative AI to create deceptively realistic content. The shift from mass emails to targeted spear phishing and whaling attacks has made it increasingly challenging for individuals and organizations to detect these threats.

Social media platforms, like LinkedIn, have become fertile ground for attackers targeting job seekers with fake job postings and impersonated recruiters. Additionally, the rise of cryptocurrency has opened new avenues for fraud, with millions stolen through bogus cryptocurrency investment schemes and phishing attempts targeting digital wallets. 

How do phishing attacks occur?

Threat actors create phishing scams to illegally obtain user data like login credentials and credit card numbers. This can occur when an attacker, masquerading as a trusted entity, lures a victim into opening a text message, email, or other communication that looks like it's from a legitimate organization, such as a bank or a government agency. Clicking on a link within the message takes the user to a website that mimics a real one. If the user enters personal information on the fake site, the attacker can steal it to commit fraud or Identity theft.

Types of phishing:

• Email or phishing: Impersonating a legitimate business or individual via email to extract sensitive information, account details, or money.
• Voice phishing or vishing: Using voice synthesis technology over the phone or VOIP services to persuade victims to provide sensitive information or perform specific actions. Vishing can also occur in person, relying on interpersonal rather than electronic communication.

Text message or smishing: Tricking recipients via SMS or messaging apps into sharing information or performing harmful actions.

• QR code phishing: Placing QR codes that direct victims to malicious websites that capture sensitive information.
• WiFi or "evil twin" phishing: Creating a fake Wi-Fi hotspot to monitor a victim's traffic and redirect them to malicious websites.
• Untargeted phishing: Sending a large volume of malicious messages without a specific target in mind, hoping a small percentage will take the bait.
• Angler phishing: Often impersonating customer service representatives on social media to extract information or money from victims, without knowing their targets.
• Business email compromise (BEC): Tricking a high-ranking company executive or official into performing actions, transferring funds, or revealing sensitive information via email.
• AitM (adversary-in-the-middle) phishing: Intercepting a victim's network traffic to alter the appearance of websites or redirect them to malicious sites.
• Spear phishing: Crafting personalized phishing messages intended for small, specific audiences to obtain valuable information or induce specific actions.
• Whaling: A subset of spear phishing targeting high-value individuals or senior figures within an organization.
• Catphishing: Creating fake profiles on social networking and dating websites to lure victims into a fraudulent relationship for financial or personal gain.
• Social media phishing: Exploiting a person's connections on social media platforms to extract sensitive information or direct them to malicious sites.
• Cryptocurrency phishing: Targeting cryptocurrency users and services to steal funds or gain access to accounts.
• Recruitment or job scam phishing: Impersonating recruitment agents or HR workers to exploit job seekers and extract money or sensitive information.
• Pharming: Diverting users from a legitimate website to a fake one by exploiting vulnerabilities in DNS server software or modifying a user's local host files.
• Clone phishing: Creating an almost identical replica of a previously delivered legitimate email, replacing links or attachments with malicious ones.
• Pop-up phishing: Displaying a fraudulent pop-up window claiming that a user's computer is infected with malware, tricking them into downloading harmful software or providing personal information.
• SIM swap phishing: Tricking mobile carriers into transferring a victim's phone number to a SIM card controlled by the attacker, allowing them to bypass SMS-based two-factor authentication.
• Malvertising: Placing malicious ads on legitimate websites redirecting users to phishing sites or prompting them to download malware.
• In-session phishing: Displaying a fake pop-up during an active browsing session, claiming that the user's session has expired and requesting them to re-enter their login credentials.

Best practices for phishing prevention

Combining a vigilant, well-trained workforce with cutting-edge monitoring and Identity technologies can mitigate the risk of falling victim to a phishing attack. 

How to detect a phishing attack

Phishing scams are ever-evolving but may include:

• Urgency: Attackers pressure victims to act immediately, claiming suspended accounts, unpaid invoices, or dire consequences for inaction.
• Suspicious email addresses or domains: Phishing emails often originate from public mail providers or spoofed domains, mimicking legitimate companies.
• Deceptive web links: Phishing emails include links that appear legitimate but redirect targets to malicious websites with misleading URLs.
• Impersonal greetings: Bulk phishing emails often use generic salutations like "Dear Sir/Madam" or simply "hello."
• Unexpected requests: Question the legitimacy of surprising account suspensions, information verification requests, or unanticipated invoices.
• Uncharacteristic language: Exercise caution when a message from a friend or colleague doesn’t match their usual communication style.
• Risky attachments: Avoid downloading attachments from unknown senders or those not scanned for viruses by your email provider.

How to prevent phishing attacks:

• Train your employees: Provide phishing awareness training to teach your workforce how to respond to a suspected phishing attack. Reinforce this training with simulations to show employees what an attempt looks like in the real world.
• Implement email filters and gateways: Deploy email filtering solutions and secure email gateways to identify and thwart suspicious emails before they reach your employees’ inboxes. Additionally, integrate tooling that users can use to report suspected phishing attacks as a valuable aid in building profiles of would-be attackers.
• Use multi-factor authentication (MFA): Implement MFA in your professional and personal accounts. While not foolproof, MFA can significantly reduce the risk of successful account takeovers resulting from phishing attacks. Additionally, using passwordless technologies, such as Passkeys, as part of first-factor authentication can further reduce risk.
• Deploy endpoint protection: Use endpoint protection tools with anti-phishing features, such as blacklists of known phishing sites, network and device-wide monitoring, and email security that can identify suspicious messages and malicious links.
• Implement payment verification policies: Establish processes requiring multiple invoice approvals before transferring funds and only allow payments through approved channels. Be wary of requests for payment methods that are difficult to trace or block, like gift cards or cryptocurrencies.
• Embrace least privilege access: Reduce your attack surface by ensuring employees can access only the tools and systems necessary for their jobs.
• Adopt advanced Identity technologies: Leverage next-generation solutions like passkeys that enable passwordless and phishing-resistant user experiences with continuous threat protection.
• Develop an incident response plan: Create a thorough incident response plan to quickly detect, contain, and recover from phishing attacks. Include procedures for reporting suspicious activities, investigating incidents, and mitigating the impact of successful attacks.

Case study: The impact of phishing 

Phishing attacks can devastate individuals, organizations, and even nations! For example, in the case of the Democratic National Committee (DNC) during the 2016 U.S. presidential election, the Russian state-sponsored hacking group known as Guccifer 2.0, believed to be a part of the GRU military intelligence organization, targeted the DNC with phishing emails that appeared to come from legitimate sources like Gmail. Despite the suspicions of many recipients, including the chairman of Hillary Clinton's presidential campaign, John Podesta, the attackers successfully compromised email accounts due to a miscommunication among campaign staff.

The fallout from this phishing attack was significant. The hackers obtained sensitive information from the DNC's emails. Subsequently, they leaked the contents to Wikileaks, causing a major disruption to the presidential campaign and raising concerns about foreign interference in the U.S. election process.

The future of phishing and prevention methods

With the rapid development of AI, its potential abuse in phishing attacks is a mounting concern. Generative AI models like GPT-4 and DALL-E 2 can create highly realistic text, images, and videos based on simple prompts. If exploited, these powerful tools can craft increasingly convincing and personalized phishing emails, making detecting and preventing attacks even more difficult.

For example, attackers could leverage generative AI to create fake voice recordings that closely mimic a company's CEO's speech patterns and intonation, tricking employees into disclosing sensitive information or transferring funds. They could also use AI-generated images to create fake websites or social media profiles nearly indistinguishable from legitimate ones.

However, AI is a double-edged sword with the potential to defend against phishing attacks with equal vigor. Organizations must stay vigilant and adapt their phishing prevention strategies to combat these emerging threats. This may include investing in AI-powered defense solutions that can detect and filter out AI-generated phishing attempts and continuing to prioritize employee education and awareness training.

By staying informed and proactively implementing strong defense measures, individuals and organizations can keep themselves, their workforce, and their customers one step ahead of phishing.

Prevent phishing attacks with Okta

Learn how Okta’s Identity-powered security extends across the entire user journey to provide protection against phishing without disrupting productivity.