A Plethora of Phishing Scams

People love fishing… but not when scammers are the ones doing the “phishing” and people are the catch.  Phishing is when a cyber-criminal sends fraudulent communications that appear to come from a specific brand to trick customers into revealing sensitive information. That’s the kind of phishing – an online attack on a brand and its customers — that can hurt customers and kill a business.

Business owners often tune out when they hear about cyber crimes because they think that these attacks only happen to technology, banking, and fin-tech companies as well as global brands.  Not true.  But cyber-criminals want average business owners to think “that can’t happen to my company.”  It makes it easier for them to attack businesses that are ignorant and unprepared.

The Insidious Threat of Domain Abuse and Impersonation

In today’s interconnected digital landscape, a brand’s online presence is often its most valuable asset. It’s the primary touchpoint for customers, a hub for critical information, and the cornerstone of reputation. Yet, beneath the surface of legitimate digital operations, a silent and insidious threat constantly lurks: domain abuse and impersonation. This isn’t just a nuisance; it’s a sophisticated form of cybercrime that can erode customer trust, inflict significant financial damage, and ultimately undermine the very foundation of a business’s brand.

Stopping Brand Impersonation on Social Media

There is an adage that says, “people do business with people they know, like and trust.”  It’s not enough for a business to build the best mousetrap or be the best mouse trapper.  A company must deliver a product or service in a way that allows them to connect with their customers in an engaging and personal way to be known and liked.  And business must be authentic and transparent about its purpose and values to gain trust.  But the more a company does this – puts it all out there – the easier it is for cybercriminals to target them.  They roll out sophisticated impersonation scams, leveraging tactics like fake job offers and spoofed websites to exploit organizations. These scams aim to extract money, steal personal data, or install malicious software, posing a serious threat to the entire marketplace. And these brand attacks happen to companies big and small across all industries.

Stopping Brand Impersonation on Social Media

In this high tech, fast-paced, disposable and hyper-competitive world, fakes abound.  There are fake diamonds… not just cubic zirconia. Cubic zirconia is a synthetic gemstone made from zirconium dioxide, while lab-grown diamonds are actual diamonds created in a laboratory using processes that mimic natural diamond formation. Except that they differ significantly in their composition, durability, brilliance, and value.  So even lab grown diamonds are fake.  There is fake news ranging from exaggerations to outright lies told by platforms that claim to be legitimate news outlets but adhere to none of the ethical rules of reputable journalism.  There is a plethora of fake products ranging from purses to perfumes.  There are certainly lots of fake photos and videos now thanks to AI.  And then there are fake social media accounts for both celebrities and famous brands.

Battling the Marketplaces that Facilitate Brand Attacks

It’s a never-ending battle to keep a brand – any brand — from being cheated, attacked, used, abused, or even eliminated from existence.  For companies that use their website to sell goods, transact business, upload and download files, or manage accounts, there are countless ways the brand can be attacked.  Hacking websites, stealing data, and holding systems hostage are just a few of the cybercrimes committed against businesses every day.  And the pace of change in technology makes “staying ahead of the hackers” challenging for even the most committed organizations. 

But when we think of cyber crimes and cyber criminals hurting businesses, we think of tech-savvy gangsters using powerful computers to infiltrate systems.  We don’t usually think of how legitimate marketplaces and vendors might play a part – perhaps unwittingly or carelessly — in allowing these brand attacks to happen.  The more such attempts go unchecked, the more other criminals are enticed to try it. 

Battling the Fakers and Profit Takers

The ugly shadow of counterfeiting stretches across businesses and global economies, impacting not just the tangible goods bought but also the increasingly vital domains of services, digital assets, currencies, documents, and even the revered world of art. And, with the rise of AI, counterfeiters can fake people’s voices and even the person’s likeness. 

Indeed, the scale of the illicit trade of what is “FAKE” is staggering, funneling billions into criminal enterprises.  What’s a brand to do?  One thing is certain.  They aren’t taking it lying down.  In response, corporate brands and governments are deploying a diverse arsenal of strategies, from cutting-edge technology to rigorous legal frameworks and widespread public education to battle the non-stop “Bakery of Fakery”.

Battling the Fakers and Profit Takers

Protecting your brand is a proactive and continuous process. It requires vigilance, strategic planning, and the right tools to be effective.  But to create an effective Brand Guide that includes a Brand Protection Plan, one must know what to protect against.  Brand protection is not a one-size-fits-all plan.  Each company is selling something different, positioning it in different ways using different venues and strategies to reach different audiences.  In short, there is a plethora of ways that a brand can be compromised, stealthily threatened or even directly attacked.

Your company has spent a lot of time and effort creating its brand and shaping how it is viewed by the world.  Company Name.  Logo.  Icon.  Colors.  Fonts.  Slogan.  Tag Line.  Motto.  Trademarks.  Service Marks.  Copyrights.  Voice.  Ads.  Domain.  Website.  Blog.  Podcast.  Trade Show Presence.  Social Media pages.  Brand Guide.  Advertorials.  Influencers.  The brand’s profile has been brought to bear with the utmost intentionality.  Tremendous energy went into guiding how the brand was perceived and received.  Slowly but surely, the brand’s name recognition grew, and its reputation polished.  Perhaps it has even developed brand loyalty… or even – dare we say it – brand love.  In short, the brand has taken on a life of its own.

The Problem with Too Much Brand Recognition

Ever heard someone say this…  “Do you have a kleenex handy?”  “Their favorite game at Summer Camp this year was ping pong.”  “Can you get me a band aid for this cut on my finger?”  “The only sneakers my son likes are the ones with velcro fasteners.”  “My kids love going to their uncle’s house because they can jump on the trampoline.”  “Take the escalator up to the second floor to find the restrooms.” These are all common statements that people make every day.  But, at one point, they were incorrect because they were using brand names for generic products.  This is called genericization. 

When you tell someone to google it, that is genericization.  And when someone says “If you don’t want the cold to dry your lips, use chapstick at least two or three times a day.”, that person is referencing a brand that has succumbed to genericization and suffered genericide – or Brand Death — as a result.  Sounds dramatic, and it is.

When a Brand Name Becomes a Verb

When we think about competition in business, we invariably think about the product or service being provided and how it stacks up against competitors.  Quality.  Price.  Value.  Customer experience.  Customer satisfaction.  That battle also includes the strength and power of the company’s brand.  Having a powerful, recognized and respected brand name is worth a lot and can even increase the product’s price, value and customer satisfaction.