Page 14 - Bus365 Issue 10 2021 WEB

2 MILLION MALICIOUS EMAILS SLIPPED

PAST BUSINESS MAIL SECURITY

DEFENCES IN THE LAST YEAR

Two million malicious emails bypassed traditional email defences, like secure email gateways, between
July 2020-July 2021, according to new data from Human Layer Security company Tessian.
hese emails were detected by inbound most at 31, employees in the food & drink account takeover attacks.
email security tool Tessian Defender and, industry received 22, research and development The top fi ve brands most likely to be
Tin a fi rst-of-its-kind report, Tessian analysed employees received 16 and tech employees impersonated in the malicious emails detected
them to reveal how these attacks slipped past received 14. between July 2020 and July 2021 were
existing controls and the Interestingly, Tessian Microsoft, ADP, Amazon, Adobe Sign and Zoom
tactics cybercriminals use to researchers found that - the latter likely spurred on by the shift to remote
carry out advanced spear malicious emails are typically working.
phishing attacks. delivered around 2 p.m. Josh Yavor, Chief Information Security O cer,
The report revealed that and 6 p.m. in the hopes that Tessian told B365: “Gone are the days of the
organisations received the a phishing email will slip bulk spam and phishing attacks, and here to stay
most malicious emails in the through the cracks of a tired is the highly targeted spear phishing email. Why?
last three months of the year, or distracted employee. In Because they reap the biggest rewards,
with Tessian detecting 45 per a previous Tessian report, “The problem is that these types of attacks
cent more malicious emails 45 per cent of employees are evolving every day. Cybercriminals are
in October, November and admitted they had clicked always fi nding ways to bypass detection and
December 2020 versus the on a phishing email because reach employees’ inboxes, leaving people as
quarter before. November they were distracted. organisations’ last line of defence. It’s completely
2020 saw the biggest spike, with around 90,000 When looking at the techniques used to target unreasonable to expect every employee to
malicious emails detected in the week of the employees, impersonation tactics like display identify every sophisticated phishing attack and
Black Friday sales. name spoofi ng, whereby the attacker changes not fall for them. Even with training, people will
Overall, employees received an average of the sender’s name to someone the target make mistakes or be tricked. Businesses need
14 malicious emails per year. However, this recognises, were used in 19 per cent of malicious a more advanced approach to email security to
number rose dramatically in the retail sector, emails while domain impersonation, whereby stop the threats that are getting through - the
with employees in this industry receiving the the attacker sets up an email address that looks attacks that are causing the most damage -
most malicious attacks at 49 on average. like a legitimate one, was used in 11 per cent of because it’s not enough to rely on your people
Manufacturing employees received the second threats detected by Tessian. Two per cent were 100% of the time.”

FIM CAPITAL SURPASSES US$1BN AUM

Investment Management and Fund Administration company, FIM Capital, headed by Russell Collister and
Graham Smith, has announced that the assets under management by its investment management arm
now exceed US$1bn after a period of signifi cant growth

riginally founded in 2006 the business sustainable investment for some time both not
has enjoyed a period of sustained only in terms of its investment strategy but also
Ogrowth which has accelerated since in its commitment to the environment through
a management buyout was completed by the its longstanding main sponsorship of Beach
executive team in 2014. Buddies, a liation with the UN Principles for
Responsible Investment, partnership with
The Investment Management division of FIM
Capital provides a range of Investment services, UNESCO Biosphere Isle of Man and ongoing
including bespoke Discretionary and Advisory support for UK charity Plastic Oceans, amongst
Investment Management, their range of ‘Pound other initiatives.
a Day’ Model Portfolios and Institutional Fund Russell Collister, Chief Investment O cer of
Management. The business prides itself on its FIM Capital told B365:“We are very pleased
hard-won reputation for client service excellence to have reached this signifi cant milestone for
which is provided to a global client base the business and believe our robust approach
including a range of private clients, institutions, of focussing on quality, long-term investments
charities, trustees, and family o ces. combined with rigorous analysis and active
Russell Collister, Chief Investment O cer
The investment philosophy of the business is engagement stands us in good stead as we
built upon an active management approach with look to the future. Our independence gives
valuable insight into each investment. us complete autonomy and fl exibility to invest
a focus on long-term quality assets allied to a
robust investment process combining intensive The growth in assets under management at FIM in assets that are right for our clients, and the
fundamental analysis, thorough research, and Capital has accelerated in recent years, driven commitment we give to researching our direct
active engagement with companies. A key by an infl ux of new clients, strong investment equity holdings provides us with a unique
component of this strategy is to make direct performance and support for its range of cost perspective when making investment decisions.”
company visits, engage with management and e ective ‘Pound a Day’ model portfolios.
attend AGMs which provides the team with a
FIM Capital has also been in the vanguard of

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