Cyber Risk: Not Just an IT Issue, It's an SMS Security Concern Too

The Escalating Cyber Risk Landscape
Beazley's Tech Transformation & Cyber Risk report reveals that 31% of leaders view cyber risks as their biggest threat this year, a jump from 28% in 2024. The report suggests that cybercriminals are increasingly exploiting security gaps in organizations, underscoring an urgent need for comprehensive protection measures.
The Threat of Third-Party Suppliers and SMS Phishing
The report highlights that cybercriminals often target larger firms through smaller suppliers, revealing a rising third-party risk. This threat extends to SMS communications, where phishing attempts can infiltrate an organization through seemingly harmless text messages. With 76% of firms planning to enhance cybersecurity measures with their third-party suppliers, solutions such as SmishAlert's advanced SMS filtering and threat detection become critical.
The Illusion of Preparedness and the Reality of Vulnerability
Despite 80% of Canadian executives believing they're prepared for cyber threats, the report suggests this confidence might be misplaced. The contradiction between rising concern and perceived resilience indicates a gap in awareness and preparedness. SmishAlert addresses this gap by providing user education and awareness training, making organizations better equipped to handle SMS phishing threats.
SmishAlert: Your Comprehensive Solution
SmishAlert provides a robust defense against SMS phishing threats, with real-time phishing attempt blocking and threat intelligence reporting. It integrates mobile security, supports compliance and risk management, and is particularly effective for businesses seeking to enhance their cybersecurity measures with third-party suppliers.
As the cyber risk landscape expands beyond IT departments to encompass SMS communications, it's crucial for organizations to adopt comprehensive solutions like SmishAlert. With advanced threat detection, user education, and real-time alerts, SmishAlert is well-positioned to help your organization avoid or mitigate the cyber threats of today and tomorrow.
Source: premium.insurancebusinessmag.com