Preventing phishing emails: Are we missing the point?

The concept of email phishing

Fraudulent emails sent by someone pretending to be legitimate in order to trick you into divulging personal details like banking details or passwords is nothing new. But despite how familiar we become with the concept, email phishing continues to be on the increase with each passing year.

It happens all over the globe, not just in South Africa, and results in losses of hundreds of millions of Rands to every year. Recently, Carte Blanche published a special report on phishing, and African Bank has also released similar analysis describing this growing problem, which puts companies at huge risk of losing not just money but personal data related to their businesses and employees as well.