The Growing Threat of Cybercrime and Ftwo Tech’s Response

Cybercrime continues to rank among the top global risks, with its cost predicted to reach $8 trillion in 2023 and projected to hit $10.5 trillion annually by 2025. If it were measured as a country, cybercrime would be the world’s third-largest economy after the U.S. and China.

Phishing emails are currently leading the ranking of top cybersecurity threats. These emails often exploit spoofing techniques, which involve creating messages with a fake sender address.

In many cases, typosquatting, where deliberate typing errors are used to trick recipients, is employed to spoof email addresses. For example: ftwotech.com, ftw0tech.com, ftowtech.com.

However, advanced spoofing techniques can make it nearly impossible for users to distinguish a legitimate message from one sent by a fake sender.

To improve the security of its communications, Ftwo Tech uses three protocols across all its domains that work together to ensure the validity and reliability of an email message:

– SPF (Sender Policy Framework): Allows the domain owner to authorize IP addresses that can send email on behalf of the domain. Receiving servers can verify that messages appearing to come from a specific domain are sent from servers authorized by the domain owner.

– DKIM (Domain Keys Identified Mail): Adds a digital signature to every sent message. Receiving servers use the signature to verify that messages are authentic and haven’t been forged or altered during transit.

– DMARC (Domain-based Message Authentication, Reporting, and Conformance): Instructs receiving mail servers on what to do when they receive a message that appears to be from your organization but fails authentication checks or doesn’t meet the requirements set in your DMARC policy record.

Ftwo Tech recommends that all potential recipients of emails appearing to come from one of its domains should always check the SPF, DKIM, and DMARC records and reject any communications that do not pass these checks.

Ftwo Tech considers the adoption of these protocols in email communications strategic and strongly advises all companies in its supply chain to adopt them.