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Foiling new email phishing scams - Enterprise Innovation

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Asia's prominent role in the global market and rapid digitalization have turned the region into a cybercrime hotbed.

According to AT Kearney, the top 1,000 companies in South-east Asia potentially stand to lose US$750 billion in market capitalization from cyber attacks, most of which originate from phishing emails.

Today, new and increasingly sophisticated phishing methods render businesses across Asia vulnerable to data breaches and malware infiltration.

In Singapore, phishing is considered a primary cyber-threat vector, with 42% of Singapore-based businesses reporting phishing incidents and the Singapore police recently warning the public against phishing emails purportedly from DBS Bank and Singapore Airlines.

There have also recently been reports of phishing attacks targeting Microsoft Office 365 users through deceptive emails bearing realistic Microsoft design and layout.

These phishing emails, ostensibly from Microsoft, instruct recipients to update their Microsoft...(continued)

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