What is Spear Phishing?
What is Spear Phishing? It is considered to be the most potent form of attack, learn how you can prevent these attacks. Get a Quote Download Datasheet Email Security >Phishing What is Spear Phishing? Among different cyberattacks, spear phishing poses the most potent threat. Unlike standard “Spray and Pray” phishing, spear phishing is a highly targeted and deceptive form of attack. It integrates sophisticated social engineering techniques, often going unnoticed by its target. In addition, according to Symantec’s Internet Security Threat Report(ISTR), 65% of attackers relied on spear phishing attacks. So, it’s highly important to understand what spear phishing is to create a protective shield against it. By Cian Fitzpatrick | 16th November, 2023 Spear Phishing Definition Spear phishing is a type of phishing attack that targets highly specific individuals or roles within an organisation to acquire sensitive information. Spear phishing is much more effective than a standard phishing attack. The attacker does intensive research on their target and uses social engineering techniques to craft a message to make it seem to be from a legitimate source. For instance, they collect personal information about a target and send messages disguising themself as a trustworthy friend to acquire sensitive information. Types of Spear Phishing Attacks Some of the major spear phishing types are: 1. Whaling Phishing It is a highly targeted attack that targets high-profile or high-ranking individuals such as C-suite executives or board members. It also involves non-corporate targets such as celebrities or politicians. Attackers aim to fetch large sums of cash or acquire confidential information that can be used against them—no wonder it requires more research than any other form of spear phishing attacks. 2. Business Email Compromise(BEC) CEO Fraud The threat actors impersonate or hack into the email account of a senior executive, typically a CEO. And instruct lower-level employees to wire money into fraudulent accounts by creating a sense of urgency to make them act abruptly. Email Account Compromise(EAC) Attackers gain access to lower-level employees to send fraudulent emails and trick other employees into sharing confidential information. EAC is often used to acquire the credentials of senior executives to perform CEO fraud. Barrel Phishing It is a phishing attack where scammers send emails to a large number of recipients, pretending to be from a legitimate source. The scammers anticipate that at least one recipient will click on the link to steal sensitive information. Try Our Phishing Simulator Now Get Quote How Does Spear Phishing Attack Work? Spear phishing attack works in various stages; they are: Selection of Target Scammers choose individuals or organisations they want to target based on their goals, whether their goal is to gain large sums of money or sensitive information. Use of Reconnaissance Technique Before commencing the attack, the scammer gathers detailed information about the victim using social media platforms. Crafting Email By using gathered information, scammers craft a personalised email to make it look as if it’s from a legitimate source. This causes the target to immediately lower their guard. For instance, it could be a coworker, manager, or a trustworthy friend of the target. Call to Action Fraudulent emails often have a call to action to create a sense of urgency to ensure the attack works 100% of the time. In the heat of the moment, the target will click the link or download an attachment. This action can lead to serious consequences, including identity theft, data breaches, ransomware attacks, corporate espionage, etc. Covering Footprints After the attack, the scammer removes every trace of the attack to evade detection and prolongs access to the system. Common Targets of Spear Phishing Attacks Spear phishing attacks involve detailed research of a high-value or high-profile individual. Even though they are often time-consuming, they yield a higher anticipated reward than standard phishing attacks. Commonly targeted individuals of spear phishing attacks are: High profile individual Scammers target high-profile individuals like CEOs, politicians or celebrities to steal their sensitive information. Lower-level or New Employees Lower-level or newer employees often fall victim to phishing attacks, as they are frequently unaware of policies or procedures they must follow to prevent spear phishing attempts. Specific Group or Types of Employees Scammers target employees with access to sensitive or confidential information, such as HR or finance executives. Learn how you can protect your staff Contact Us Spear Phishing Characteristics Some of the characteristics of spear phishing are: Targeted Recipients Spear phishing employs highly personalised messages to target specific individuals or organisations. These messages focus on high-profile or high-value individuals, promising substantial rewards. Spear phishing targets specific individuals, unlike standard phishing, which targets a high volume of individuals. Personalised Messages Scammers on various social media platforms conduct intensive research on their targets to formulate emails that create a sense of familiarity, often leading to the disclosure of sensitive information. Sophisticated Tactics and Techniques Scammers use reconnaissance and social engineering techniques to carry out spear phishing attacks. The reconnaissance technique involves intensive gathering of information on a target. At the same time, social engineering techniques involve the manipulation of personality traits to make the target perform a certain action. Common Objectives Spear phishing takes on various forms, but the goal remains the same: extracting sensitive information such as credentials or credit card information. Links to Malicious Websites or Files Scammers use phishing emails, which include links to malicious websites or files created by threat actors, to extract sensitive information when recipients click on them. Common Techniques Used in Spear Phishing Attacks Some of the characteristics of spear phishing are: Social Engineering Techniques Spear phishing attacks thrive on social engineering techniques. They manipulate personality traits such as desire to be helpful or curiosity about events or news. Individuals let their guard down easily with this technique, enabling threat actors to leverage the situation to extract sensitive information. Suspicious Emails and Phone Calls Attackers, using generic or misspelt domains in their emails, disguise themselves as legitimate entities to reach out to their targets through emails and phone calls. Malicious Emails with Attachments or Links
