The importance of email security has grown, now it is more important than ever!
One of the major business risks in the Middle East region today is the threat posed by cyber criminals.
According to the 24th edition of the PWC CEO survey, 52% of regional business leaders are concerned about the increasing impacts of pandemic and health crisis. This is followed by cyber threats on the second with 47% of the region’s CEOs admitting they are worried about cyber threats. It is increased by 14% as compared to 33% in 2020.
“A growing number of CEOs have started to bolster their resilience against external and internal cyber threats by utilizing technologies that prevent attacks before they begin,” says Hani Ashkar, Middle East senior partner, PwC Middle East. “This investment is mostly aimed at embedding cyber resilience in (now more digitized) business processes, defining quantitative ways to measure risk in real-time, implementing solutions and services to detect and respond to attacks in real-time.”
The Most Common Method To Launch Cyber Attack
The rising concerns from respected authorities suggest that cyber attacks and cyber threats are a big issue in the region. However, email attacks account for the majority of these attacks.
“91% of cyber attacks start with an email attack” (Source: Dark Reading)
According to a report from The National News, UAE suffered more than 600,000 phishing attacks during the COVID-19 pandemic.
The report also mentions that between April and June 2020, more than 2.57 million phishing attacks were detected across the Middle East. This includes email attacks in Egypt, UAE, Saudi Arabia, Qatar, Kuwait, Bahrain, and Oman.
So, the question arises are the organizations in the region ready to combat the rising email attacks?
As of now only around 69% of the Forbes ‘Top 100 Middle East Companies’ have a Domain-based Message Authentication, Reporting & Conformance (DMARC) record in place, as per the article from Gulf News.
This means that the remaining 31% of these companies are leaving their clients and partners exposed to email-based attacks such as email spoofing, spam emails, phishing email, or business email compromise (BEC) attacks.
The article further drills down into this subject to reveal that almost all logistics firms and 80% of banking and financial services providers have a DMARC record. However, only 50% of real estate and construction firms and only 20% of companies from the retail sector have their DMARC records in place.
What is DMARC and Why do Organizations Need it?
DMARC stands for Domain-based Message Authentication, Reporting, and Conformance. It is an effective email validation system that secures your email receivers from getting email attacks from your legitimate email addresses.
In other words, you can prevent your clients and partners from receiving email attacks that use your domain. Moreover, you can also stop cyber criminals from email spoofing your legitimate email addresses and send messages on your behalf.
It is highly essential that an organization implements DMARC and increase email security. Not doing so will leave the door wide open for cyber criminals to use your organization’s email domain and send malicious emails to your email recipients.
This can disrupt your client relationship and also damage your brand reputation. Additionally, it can also affect your domain’s email deliverability and engagement rates. Since once your organization’s domain reputation deteriorates, even the legitimate outbound emails will end up getting redirected to the spam folder, or worse they may fail to get delivered.
KDMARC for Email Security
KDMARC is an email authentication tool that is specifically designed to monitor DMARC. Moreover, it also helps your organization monitor the other two email authentication protocols that are SPF and DKIM.
- It increases email security
- Protect from email tampering
- Gain full insight into your email channel
- Detect and defend email spoofing
- Protect your email recipients from receiving email attacks using your email domain
- Assists in generating the organization’s DMARC record with the help of a questionnaire filled by the domain owner
- It updates the DMARC record on your DNS and allows you to indicate that your emails are protected through DKIM and SPF
- Allows you to easily set up email authentication policies such as none, quarantine, and reject
Email attacks are increasing every passing year. It is a matter of time that all the valuable data of an organization be either stolen or encrypted because of an email attack. However, implementing the right cyber security measures at the right time and following the cyber security protocols will help organizations prevent those.
What are your thoughts on this?
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