Phishing set to plague region, warns ESET

Company MD urges caution as info-snatchers escalate campaigns

Tags: ESET Middle East (Adaox Ltd)PhishingUnited Arab Emirates
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Phishing set to plague region, warns ESET Neophytou: I have no doubt that phishing will remain one of the most popular [cyber-attack] methods used.
By  Stephen McBride Published  March 19, 2015

Phishing is gaining popularity among cyber criminals because of its simplicity and low labour requirements, and regional organisations need to be on their guard, cyber-security specialist ESET has warned.

In an interview with ITP.net for its Cyber Kung Fu Master Class, Neo Neophytou, founder and managing director of ESET Middle East, Greece and Cyprus, said the information-snatching cyber-attack was becoming the weapon of choice for gangs hoping to steal credentials and compromise the IT infrastructures of regional organisations.

"As a security vendor, we have noticed hundreds of attempts generated daily [targeted at] certain [regional] customers," said Neophytou. "Phishing is a simplistic method to collect user credentials as hackers don't need to spend lots of time designing and developing sophisticated malware. This makes this type of attack relatively easy to perform, highly effective and result-driven.

"I have no doubt that phishing will remain one of the most popular [cyber-attack] methods used, and the number of attacks will continue to increase through 2015."

Neophytou believes high-risk sectors include government, financial and petrochemical, with "a focus on C-level employees and managers". Other groups, such as accountants and receptionists are also likely to be targeted, because, despite working at a lower level, those roles commonly have access to sensitive information.

You can read more about Neophytou's advice on Phishing in ITP.net's next Cyber Kung Fu Master Class, out on Thursday 26 March.

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