Hi friends,

In this 3-minute read, I'll tell you how a software company got fooled by a blatant phish

Twilio Breach - How it happened
Phishing 101
Defending yourself against phishing

… and how we protect ourselves in situations like these.

Stay up,

Michael @TrillTayo - The Secure Entrepreneur

Twilio Breach - How it happened ...

Twilio SaaS (Software as a Service) platform focused on customer engagement, announced on Monday (August 15, 2022) that a "sophisticated" threat actor achieved "unauthorized access" using an SMS-based text message phishing campaign targeted at its staff to gain information on a "limited number" of accounts.

Read More: Twilio Suffers Data Breach After Employees Fall Victim to SMS Phishing Attack

(Update)
Web infrastructure company Cloudflare disclosed this Tuesday (August 16, 2022) that at least 76 employees and respective family members received text messages on their personal and work phones that included similar characteristics as that of the above-mentioned attack.

Read More: Hackers Behind Twilio Breach Also Targeted Cloudflare Employees

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Phishing 101

Phishing attacks and schemes, both leveraging email and SMS, are known to lean on aggressive scare tactics to coerce victims into handing over their sensitive information.

Social Engineering = Social engineering is a manipulation technique that exploits human error to gain private information, access, or valuables. (Kaspersky)

Check out some of these statistics:

In 2021, 83% of organizations reported experiencing phishing attacks. In 2022, an additional six billion attacks are expected to occur.
Last year, roughly 214,345 unique phishing websites were identified, and the number of recent phishing attacks has doubled since early 2020.
Roughly 65% of cyber attackers have leveraged spear phishing emails as a primary attack vector.

Read More: Top 15 phishing attack statistics (and they might scare you)

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Defending yourself against phishing

When it comes to scams related to email, text messages, and even phone calls, I like to educate people using what's known as the STOP method.

The STOP Method is an acronym that goes like this:

S - Is the message suspicious?
T - Is the message telling you to click something?
O - Is the message offering you something too good to be true?
P - Is the message pushing you to act quickly?

Read More: 5 Best Defenses Against Phishing Attacks

Security Tip(s) of the Week:

ALWAYS use critical judgment
Multi-Factor Authentication is a MUST
Remain humble, we are only human!

That is all for now, talk to you next week!

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Best,
Michael @TrillTayo - The Secure Entrepreneur

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