CFC, the specialist insurance provider, pioneer in emerging risk and market leader in cyber, today announced the addition of a new phishing simulation tool to its award-winning mobile app, Response.
The phishing tool allows users to run a simulated phishing campaign against a targeted list of colleagues whose credentials have been exposed on the dark web.
“Phishing emails are the entry point for roughly a third of the cyber claims we see, hitting organisations of all types and sizes. Businesses can get caught up in a mass campaign, or it could be the first step in a more targeted attack,” said CFC’s Cyber Claims Director, Roger Francis. “Our new tool, available for free on our Response app, provides our cyber and tech policyholders with a simple and easy-to-use capability to combat the human vulnerabilities in their business, helping their teams to identify and prevent phishing campaigns.”
From one click on the app, users can prompt the sending of faux phishing emails. Targets that erroneously click are redirected to an educational page where they can learn how to identify and prevent future phishing attacks and social engineering campaigns.
Users are subsequently sent a campaign summary via an in-app notification after two weeks, identifying who got phished. In keeping with the frictionless user journey, a new simulated campaign will run for the client each month whilst the tool remains active.
“This new feature complements the existing single-click risk management tools already available – Deep Scanning and Dark Web Monitoring – making it easy for businesses across every industry to access and implement hugely valuable risk mitigation strategies,” Francis continued. “Since its launch less than a year ago, thousands of our policyholders have downloaded the Response app and we are seeing a positive impact on cyber claims both in terms of frequency and severity.”
CFC’s Response app provides proactive security alerts to customers based on information CFC’s threat intelligence team gathers through its continuous monitoring of the entire customer base. It also allows users to get free advice from CFC’s large in-house cybersecurity team through an “Ask the Expert” function, and quickly notify any cyber incidents for immediate technical support.