What is Phishing? Examples, Types and Protection tips

Phishing is one of the most pervasive and dangerous threats in the digital world today. It refers to using deceptive tactics to trick individuals into revealing sensitive information such as login credentials, credit card details, or personal identification. Cybercriminals craft convincing emails, messages, or websites that appear legitimate, often mimicking well-known brands or trusted entities, and lure victims into providing confidential data.

As the internet has evolved, so has the sophistication of phishing attacks. What was once limited to poorly written emails has now morphed into highly convincing scams that are difficult to detect, even for tech-savvy users. According to the 2024 Cyber Threat Report, phishing accounts for over 80% of all cybersecurity incidents, making it the most common cyberattack worldwide.

According to a report by CompTIA, Phishing isn’t just a problem for individuals; businesses are also frequently targeted. 92% of organizations reported falling victim to phishing in some form, often leading to significant financial and reputational damage. These attacks often exploit human error, making awareness and education critical in defending against phishing.

What is Phishing, and How Does Phishing Work?

Phishing operates on deception, leveraging human trust and a lack of attention to detail. At its core, phishing aims to manipulate victims into sharing sensitive information, such as passwords, credit card numbers, or other personal details, often through fake communications that appear to be from trusted sources. Here’s a breakdown of how phishing attacks typically unfold:

Step 1: The Bait

Phishing attackers start by crafting a message, usually an email, but it can also be a text (SMS phishing or “smishing”) or a phone call (voice phishing or “vishing”). These messages are designed to look legitimate and come from well-known brands, financial institutions, government agencies, or even colleagues. The aim is to create a sense of urgency, prompting the victim to act quickly without thinking critically.

For example, the email might claim that your bank account has been compromised or that you must reset your password immediately to avoid deactivation. This urgent tone pressures the recipient to take immediate action without verifying the request’s legitimacy.

Step 2: The Hook

Once the bait is set, the message usually contains a link or attachment. The link often directs victims to a fake website that resembles a legitimate one, like a bank’s login page or a well-known shopping site. The attachment may contain malware or prompt users to download software that compromises their systems.

The fake website might request login credentials, financial details, or other sensitive information. These tactics are highly successful because the victim believes they interact with a trustworthy entity.

Step 3: Data Collection

Once the victim enters their information, the attacker immediately captures it. This data can be used in various ways, from stealing money and making fraudulent purchases to selling it on the dark web or launching more complex attacks like identity theft. In a corporate setting, the stolen credentials might provide hackers access to sensitive company networks, leading to data breaches, ransomware attacks, or further exploitation.

These attacks can lead to severe financial losses, especially when businesses or institutions are the target.

Step 4: Execution

Once the attacker has the victim’s information, the consequences can range from financial fraud to identity theft. The victim may not realize they’ve been compromised until too late. In business environments, compromised credentials can allow hackers to infiltrate networks, steal confidential data, or conduct further phishing attacks internally.

Advanced phishing techniques bypass security features such as HTTPS, making them harder to detect.

Why Phishing Works

The success of phishing hinges on exploiting human vulnerabilities. No matter how advanced a security system is, if an individual within the organization makes a mistake, such as clicking a suspicious link or downloading malware, the entire system can be compromised. That’s why phishing remains effective: it targets the weakest link in cybersecurity, the human factor.

Phishing campaigns trick even the most vigilant users by preying on emotions like fear, urgency, and curiosity. Recognizing phishing’s various tactics is crucial to preventing these attacks, which we will explore in more detail in the sections ahead.

Phishing remains one of the most dangerous cyberattacks, but its risks can be mitigated with awareness, education, and the right tools.

Common Types of Phishing

Phishing has evolved into numerous variations designed to exploit specific user vulnerabilities. Below are the most common types and techniques of phishing attacks you need to be aware of:

1. Deceptive Phishing

Deceptive phishing is the most prevalent form of phishing. It involves attackers impersonating legitimate companies or organizations to trick users into divulging personal information, such as login credentials or credit card numbers. These attacks typically involve emails or phishing text messages that appear to be from trusted sources, urging the recipient to act quickly, whether by updating account information or confirming a transaction.

For instance, attackers may create an email that looks like it’s from a reputable bank, warning the recipient of unusual account activity. The urgency creates panic, leading users to click on fraudulent links and enter sensitive data. According to cybersecurity reports from 2024, deceptive phishing remains the most common form, responsible for 65% of all phishing attacks globally.

2. Spear Phishing

Unlike deceptive phishing, spear phishing targets specific individuals or organizations. Attackers customize their messages using personal information gathered from social media profiles, business websites, or past data breaches. Because these messages are tailored, they are harder to identify as phishing attempts.

Spear phishing is especially dangerous in business environments where attackers may impersonate a colleague or business partner, tricking employees into disclosing company information or approving financial transactions. A study in 2024 showed that 91% of successful cyberattacks on businesses began with a spear phishing email, emphasizing the growing risk for companies​.

3. Whaling (CEO Fraud)

Whaling is a specific type of spear phishing aimed at high-level executives or “whales” within organizations. The goal is to exploit their access to sensitive data or persuade them to authorize large financial transactions. In these attacks, cybercriminals often impersonate a CEO, CFO, or another high-ranking executive, sending emails that appear urgent and confidential.

In 2024, whaling attacks became particularly concerning for businesses, with several high-profile cases where companies lost millions due to fraudulent transfers authorized through these fake communications. This highlights the need for strong internal verification processes, especially for financial transactions.

4. Clone Phishing

Clone phishing involves creating a nearly identical copy of a legitimate email that was previously sent by a trusted organization. Attackers modify the original message to include malicious links or attachments. These fraudulent emails are then sent to the target, often under the guise of being a resend or follow-up to the original communication.

Because the email looks like a repeat of an earlier legitimate message, it often evades suspicion. This tactic has been increasingly observed in 2024, with attackers using this technique to infect devices with malware or gain unauthorized access to sensitive information​.

5. Smishing (SMS Phishing)

Smishing involves sending phishing messages via SMS or text. As mobile phone use has become ubiquitous, attackers have turned to smishing to trick individuals into providing personal information, often by including a malicious link or a fake phone number.

The rise of mobile banking and app-based services has made smishing more lucrative for cybercriminals. Smishing has gained traction in 2024 due to the convenience and frequency with which people use their phones for financial and personal transactions.

6. Vishing (Voice Phishing)

Vishing is a form of phishing carried out through phone calls. Attackers often pose as customer service agents, technical support, or government officials to persuade victims to reveal sensitive information. These attacks exploit trust, with fraudsters pretending to be representatives from well-known companies or institutions.

7. HTTPS Phishing

One of the more recent developments in phishing is HTTPS phishing. Attackers create phishing sites that use HTTPS, making the site appear secure by displaying the padlock icon in the browser. This tactic has proven effective, as many users associate the padlock symbol with legitimate and safe websites, unaware that cybercriminals can also obtain SSL certificates for phishing websites.

Reports in 2024 showed a significant rise in HTTPS phishing attacks, as 47% of phishing sites now use HTTPS, misleading users into trusting fraudulent websites.

8. Pop-up Phishing

Pop-up phishing attacks occur when malicious pop-up windows appear while browsing the web, often mimicking legitimate browser alerts or notifications. These pop-ups might claim that the user’s system is infected with malware or that an important update is needed, prompting the user to click on a link or download malicious software.

These attacks are particularly dangerous because they can appear on compromised legitimate websites, making it difficult for users to discern the threat.

9. Social Media Phishing (Angler Phishing)

Social media platforms have also become a popular target for phishing attacks. In angler phishing, attackers create fake customer service profiles or impersonate brands on social media platforms like Twitter and Facebook.

They lure victims into providing personal or financial information by responding to complaints or offering help in response to a post. Cybercriminals sometimes use fake social media profiles to befriend users, building trust before launching the phishing attempt.

Phishing Attack Examples

Phishing attacks in 2024 continue to showcase the ingenuity of cybercriminals, employing new tactics and targeting both individuals and organizations. Here are some notable phishing examples from the current year:

1. Microsoft and Google Brand Phishing

In the first quarter of 2024, phishing campaigns impersonating major brands like Microsoft and Google increased significantly. Microsoft accounted for 38% of all brand phishing attacks, making it the top target globally. Attackers sent highly convincing emails that appeared to originate from Microsoft or Google, tricking users into clicking malicious links and providing sensitive information like login credentials​.

2. StrelaStealer Malware Campaign

A major phishing attack in early 2024 targeted over 100 organizations across Europe and the United States, spreading the StrelaStealer malware through email attachments. This malware was specifically designed to steal email credentials, and it successfully bypassed many traditional security measures by using obfuscated file formats. The attack affected companies in sectors like finance and government, highlighting the importance of robust email security.

3. Voice Phishing (Vishing) Attacks

These attacks involved cybercriminals posing as legitimate representatives from banks or tech companies, calling victims and persuading them to reveal personal information. Generative AI has played a significant role in these attacks, allowing scammers to create highly realistic and convincing voice interactions​.

4. Healthcare Sector Under Attack

The healthcare sector saw a 45% increase in phishing attacks in 2024. Cybercriminals targeted healthcare organizations to steal patient data or disrupt services. This year, attackers took advantage of the high volume of digital communication in healthcare by sending fake email alerts about unpaid medical bills or urgent patient information, tricking healthcare workers into clicking malicious links.

How to Recognize a Phishing Attempt

Phishing attacks often appear deceptively legitimate, making them difficult to detect without knowing what to look for. Here are key indicators that can help you recognize a phishing attempt:

1. Suspicious Sender Information

Phishing emails often come from addresses that look convincing but aren’t quite right. Check the sender’s email address carefully for slight misspellings, odd domain names, or extra characters. For instance, an email claiming to be from a bank might come from “support@yourbnak.com” instead of “support@yourbank.com.”

2. Urgency and Fear Tactics

Phishing emails commonly create a sense of urgency or fear to prompt immediate action. Common messages include claims that your account has been compromised, an urgent request for payment, or threats of account deactivation. Attackers count on users panicking and making mistakes. Be cautious of any email that pressures you to act quickly without giving you time to verify the request.

3. Poor Grammar and Spelling Errors

While phishing campaigns have become more sophisticated, many still contain poor grammar, awkward phrasing, or spelling mistakes. Legitimate companies usually proofread their communications carefully, so errors are often a red flag.

4. Generic Greetings

Phishing emails often use generic greetings like “Dear Customer” or “Dear User” instead of addressing you by name. Legitimate companies will usually personalize their emails with your name or username.

5. Unsolicited Attachments or Links

Be wary of emails that include unsolicited attachments or links, especially if they are from unknown or unexpected sources. Phishing emails might prompt you to download a file or click on a link to resolve a fake issue. Always hover over links to see the actual URL before clicking. If the URL seems suspicious or doesn’t match the expected destination, don’t click it.

6. Requests for Sensitive Information

Legitimate organizations will never ask you to provide sensitive information, such as passwords, social security numbers, or credit card details, via email or text message. If you receive a request for such information, it’s almost certainly a phishing attempt.

7. Mismatched URLs

Hover your mouse over any links in the email (without clicking) to see the actual URL. If the link is different from what it claims to be or leads to a domain that doesn’t match the company’s legitimate website, it’s likely a phishing attempt. For example, a link that says “www.paypal.com” but leads to “www.paypal-update123.com” is a clear sign of phishing.

8. Unusual Attachments

Phishing emails often include attachments that could infect your computer with malware. Files with extensions like .exe, .scr, or .zip should be handled with extreme caution, especially if the email wasn’t expected or is from an unknown source.

9. HTTPS Padlock Misuse

Many phishing websites now use HTTPS to appear secure. Although the presence of a padlock symbol in the address bar used to be a sign of legitimacy, today’s attackers can also obtain SSL certificates. While this can create a false sense of security, it’s important to look beyond the padlock and carefully check the full URL for signs of phishing.

How to Protect Yourself from Phishing

Phishing attacks are increasingly sophisticated, but by adopting proactive strategies, you can significantly reduce the risk of falling victim to these schemes. Here’s how you can protect yourself and your personal data from phishing attacks:

1. Enable Two-Factor Authentication (2FA)

Two-factor authentication (2FA) adds an additional security layer beyond just a password. Even if phishers manage to steal your credentials, 2FA ensures they cannot access your accounts without the second verification method, usually a text message, email, or authentication app. It’s highly recommended to enable 2FA on all accounts that support it, especially email, banking, and social media platforms.

2. Be Wary of Links and Attachments

Phishing emails often contain malicious links or attachments that appear legitimate. Avoid clicking on links from unsolicited emails or messages, and always hover over the link to verify the destination URL. If the link looks suspicious or doesn’t match the sender’s website, don’t click on it. Similarly, don’t download attachments from unknown senders, especially if the email claims to be urgent or asks for sensitive information.

3. Verify the Sender

Phishers often disguise themselves as legitimate entities such as banks, government agencies, or even colleagues. Always check the sender’s email address carefully for minor discrepancies, such as spelling errors or unusual domain names. If an email claims to be from a trusted organization but looks suspicious, contact the organization directly using a known method, such as their official website or phone number, rather than replying to the email.

4. Use a VPN to Encrypt Your Traffic

One of the most effective ways to shield yourself from phishing attacks is by using a VPN, such as AstrillVPN. A VPN helps to encrypt your internet traffic, ensuring that sensitive data like login credentials, financial details, and other personal information remain secure.

Phishing websites often rely on intercepting unencrypted traffic, but a VPN makes this significantly more difficult. By encrypting your connection, a VPN adds an extra layer of protection, making it harder for attackers to eavesdrop on your communication or redirect you to malicious websites.

5. Keep Software Up to Date

Regularly updating your software, including your operating system, web browser, antivirus, and other critical applications, helps close security vulnerabilities that attackers may exploit. Phishing websites often attempt to exploit outdated software to install malware or capture sensitive data, so ensuring you have the latest security patches can go a long way in protecting your system.

6. Install a Reliable Anti-Phishing Tool

Consider installing an anti-phishing browser extension or security software that can detect and block phishing websites. These tools work by scanning websites for known phishing characteristics, warning you before you accidentally enter sensitive information into a malicious site.

7. Use Strong, Unique Passwords

Creating strong, unique passwords for each of your accounts is critical in minimizing the risk of falling victim to phishing attacks. If you use the same password across multiple platforms, a phishing attack on one account can lead to the compromise of all your accounts. Use password managers to generate and securely store complex passwords, ensuring that each of your accounts is protected by a distinct, strong password.

8. Regularly Monitor Your Accounts

Regularly review your bank statements, credit card transactions, and online account activity for any unauthorized transactions or unusual behavior. Early detection of unauthorized access can help minimize the damage caused by phishing attacks. If you notice anything suspicious, change your passwords immediately and report the activity to the relevant institution.

What to Do if You Fall Victim to Phishing

Falling victim to a phishing attack can be stressful, but acting quickly can help minimize the damage. If you suspect that you’ve been phished, follow these steps to protect yourself and recover your information.

1. Disconnect from the Internet

If you clicked on a phishing link or downloaded a malicious file, immediately disconnect your device from the internet. This will prevent further unauthorized access and stop malware from spreading or communicating with a command-and-control server.

2. Change Your Passwords

If you suspect that your login credentials were stolen, change your passwords immediately. Start with your most sensitive accounts, such as banking, email, and work accounts. Ensure that each password is unique and complex. Use a password manager to generate and store strong, unique passwords for all your accounts. Enabling two-factor authentication (2FA) adds an extra layer of security to your accounts, making it harder for attackers to gain access.

3. Contact Financial Institutions

If the phishing attack involved any financial or payment details, contact your bank, credit card issuer, or other financial institutions immediately. Alert them to the situation so they can monitor your accounts for suspicious activity, block unauthorized transactions, and issue new cards if necessary. It’s also important to request that your bank place fraud alerts on your accounts.

4. Monitor Your Accounts

Keep a close watch on your bank statements, credit card activity, and online accounts for any unauthorized transactions or unusual activity. Early detection of fraudulent activity can help mitigate further damage. In some cases, it may be necessary to freeze your credit to prevent identity theft.

5. Run a Full Security Scan

After falling victim to a phishing attempt, run a full security scan using updated antivirus or anti-malware software. This can help detect and remove any malware that may have been installed on your device. Consider using an anti-phishing tool to prevent future attacks.   

6. Report the Phishing Attempt

Reporting phishing attacks can help prevent others from becoming victims. If you received the phishing email or message via email, report it to your email provider. Many platforms, like Gmail and Outlook, have options to report phishing attempts. You can also report the incident to your IT department, the company being impersonated, and relevant authorities, such as:

• The Federal Trade Commission (FTC) in the U.S. (reportphishing@apwg.org or at FTC Complaint Assistant)
• Action Fraud in the UK (Action Fraud website)
• Anti-Phishing Working Group (APWG) for international cases

7. Notify Your Contacts

If you’ve fallen victim to phishing, especially via email or social media, it’s possible that the attacker will attempt to use your compromised account to phish your contacts. Notify your friends, family, or colleagues about the breach and advise them not to click on any suspicious links or messages from your compromised account until the issue is resolved.

8. Check for Identity Theft

Phishing attacks can sometimes result in identity theft. Monitor your credit report for any unfamiliar accounts or inquiries. In the U.S., you can request a free credit report from each of the three major credit bureaus (Equifax, Experian, and TransUnion) once a year. If you notice any signs of identity theft, report it to the relevant authorities and consider freezing your credit to prevent further fraud.

The Impact of Phishing

Phishing is not just an inconvenience; it has serious consequences that can affect individuals, businesses, and even national infrastructures. The impact of phishing attacks can be far-reaching, leading to financial losses, identity theft, data breaches, and significant reputational damage.

1. Financial Losses

Phishing remains one of the most costly types of cyberattacks. For individuals, falling victim to a phishing scam can result in unauthorized transactions, fraudulent purchases, or drained bank accounts. For businesses, the financial impact can be even more devastating. A report by IBM in 2024 found that phishing attacks are responsible for 36% of all data breaches, leading to costs that average over $4.5 million per breach. Financial institutions, in particular, are frequent targets, as phishing attempts often impersonate banks or payment systems to steal sensitive financial data.

2. Data Breaches

One of the most damaging outcomes of phishing attacks is unauthorized access to sensitive information. In corporate environments, phishing can lead to data breaches that expose confidential customer information, proprietary business data, or intellectual property. Such breaches not only incur financial penalties but also legal consequences, as organizations are held responsible for safeguarding the personal data of their users.

In 2024, phishing was a leading cause of data breaches in industries such as healthcare and finance. With increasing regulations around data privacy, like the General Data Protection Regulation (GDPR) in Europe, companies that suffer data breaches may face heavy fines and penalties, further compounding the financial toll.

3. Reputation Damage

For businesses, reputation damage can be just as detrimental as financial losses. When customers find out that a company has been compromised by a phishing attack, it can lead to a loss of trust and credibility. Customers are less likely to do business with a company that has suffered a breach, and the negative press surrounding such incidents can linger for years.

This loss of trust often results in decreased customer loyalty, leading to long-term revenue losses. According to a 2024 survey, 60% of small and medium-sized businesses that suffered a phishing attack experienced a decline in customer confidence, which had a lasting impact on their business.

4. Productivity Loss

Phishing attacks disrupt business operations, causing downtime that hampers productivity. Employees must deal with the aftermath of the attack, which can include investigating the breach, reporting the incident, and securing compromised accounts. This results in lost work hours and resources being diverted to mitigate the damage. For companies, the loss in productivity can be significant, especially when key systems are compromised or taken offline.

5. Identity Theft

For individuals, one of the most severe consequences of falling victim to phishing is identity theft. Phishing scams often aim to steal personal information like social security numbers, credit card details, and bank account credentials.

Once attackers have this information, they can open fraudulent accounts, take out loans in the victim’s name, or engage in other forms of identity fraud. Victims of identity theft can spend years dealing with the financial and legal ramifications, trying to restore their credit and resolve fraudulent activity.

6. National Security Risks

Phishing attacks targeting government agencies, military organizations, or critical infrastructure sectors (such as energy, healthcare, or transportation) pose a significant threat to national security. In 2024, several phishing campaigns were directed at government institutions, with the intent to steal classified information or disrupt essential services. Such attacks can weaken national defense systems, compromise sensitive government data, and even lead to geopolitical tensions.

FAQs

Was this article helpful?

YesNo