Phishing attacks hit consumers hard. Victims often fall for intelligent social engineering techniques. And these enable criminals to steal consumer personal and financial data. But these attacks also impact businesses.
Cybercriminals can pretend to be customers or other interested parties. They gradually learn enough information, like the answers to account recovery questions. Once they hijack these login credentials, they can disrupt your business.
In the worst-case scenario, they may impersonate corporate banks or credit card companies. They then use this information not only to defraud you but also target customers on your email marketing list.