Phishing and social engineering attacks are on the increase because they can be highly effective at tricking people into revealing sensitive information or performing actions that they should not do. These types of attacks are particularly effective because they rely on human error rather than exploiting technical vulnerabilities.

There are several reasons why these attacks are becoming more common:

  1. Increased reliance on technology: As more of our personal and professional lives move online, there are more opportunities for hackers to try to trick people into revealing sensitive information.
  2. Improved tactics: Hackers are constantly improving their tactics and becoming more sophisticated in the way they conduct attacks. This makes it more difficult for people to recognize when they are being targeted.
  3. Greater potential for financial gain: Many phishing and social engineering attacks are motivated by financial gain. As more financial transactions are conducted online, there is a greater potential for hackers to make money through these types of attacks.

Privileged account management can help reduce the risk of these attacks by implementing strong security measures and training employees to recognize and avoid these types of threats. This could include the use of two-factor authentication, implementing policies for creating and managing passwords, and providing training to help employees recognize and avoid phishing attacks.

Additionally, implementing a privileged access management solution can help ensure that only authorized individuals have access to sensitive systems and data, and that all access is closely monitored and controlled. This can help prevent unauthorized access to privileged accounts and reduce the risk of a successful attack.