Even for the World’s Best Hackers: Phishing, Phishing, Phishing

For the first time at the Fortune Brainstorm — Tech conference, cybersecurity took the main stage at the annual Aspen meeting of top executives and business leaders. I was honored to be joined by two of the most distinguished and innovative leaders in the industry, General Keith Alexander, now the CEO of IronNet, and Marten Mickos, CEO of HackerOne. While awareness of cybersecurity problems is growing, the consensus is that we need firm actions in time to stop the barrage of headlines about massive hacks.

We hear more about company (and election) shaking hacks than ever before. Hacks start with phishing over 95% of the time, but we often only hear the effects of a hack, like ransomware, IP theft, and financial loss. Even as we worry about exotic hacks that might use artificial intelligence, side channels, and quantum computers, hackers are picking our pocket with simple phishing.

General Alexander once called hacking “the greatest transfer of wealth in human history,” a reference to the amount of Intellectual Property (IP) stolen from the United States. But the question remains whose responsibility is it to take action. We can’t rely on government to solve all of our problems in cyberspace and need to turn from attribution, vulnerability policy debates to actions that change outcomes.

When it comes to a safer future we’re optimistic. The economics of being a bad guy on the internet are good today, but they won’t be for long.

Want to keep up to date with the latest phishing trends? 

Subscribe to our newsletter here!


Area 1 Security Announces the Most Spoofed Brand of 2021

Dear America’s sports-loving, company-securing fans: Before you find yourself glued this weekend to (what some call) THE biggest game in college basketball history, we are here to crown the 2022 March Hackness winner!

2022 March Hackness: The Return of the Phishing Bracket

Area 1 Security’s Sixth Annual March Hackness: The Perfect Phishing Bracket is here! Learn who made the list of the top brands that attackers use in phishing lures.

Democratizing email security: protecting individuals and businesses of all sizes from phishing and malware attacks

Since Area 1’s inception, our mission has always been to eliminate the #1 source of cybersecurity incidents — phishing attacks.