Phishing Accounts for 50% of All Scam Attacks

November 17, 2018

 

An analysis of existing cyber fraud dangers by network safety company RSA demonstrates that phishing attacks have risen by 70% since Q2 and now account for 50% of all scam attacks experienced by companies.

Phishing attacks are trendy since they are easy to carry out and have a high success ratio. An attacker can set up a webpage that imitates a famous brand such as Google or Microsoft that requests login particulars. Electronic mails are then transmitted having hyperlinks to the site together with a valid reason for clicking. As per a research carried out by Verizon, 12% of users click hyperlinks in phishing electronic mails.

RSA notes that the bulk of phishing attacks are carried out in the United States, Canada, and the Netherlands, which account for 69% of all attacks.

RSA has also drawn attention to a particular variation of phishing called vishing. Instead of using electronic mail, vishing attacks happen over the phone. A typical example involves a scammer pretending to be from the target’s bank. While the call is unsolicited, the scammer pretends that there is a safety problem that needs to be settled and requests confidential information such as bank account information, passwords, and safety questions and answers. Vishing accounts for 1% of all scam attempts even though it is a grave danger.

A new variation of vishing has even greater capacity to achieve the desired outcome. Instead of the attacker calling a target, the attacks work in opposite with consumers calling the scammer. This is being achieved via search engine poisoning – Getting malevolent websites listed in the organic search engine results. Other variations include wrong information posted on social media sites and assistance forums.

14% of scam attacks involve brand misuse: Deceptive posts on social media that spoof a well-known brand. 12% of scam attacks involved Trojan horses – malware which is fitted under wrong pretenses. As soon as fitted, the malware harvests secret information such as banking identifications. 2% of scam attacks involve the use of rogue mobile applications 9,329 rogue mobile apps. were recognized by RSA in Q3, 2018.

Scam through mobile browsers accounted for the bulk of scam transactions (73%) in Q3 – A rise of 27% since this time last year.