Monday, April 27, 2020

Phishing Scams Have Spiked by 667% in One Month


The global COVID-19 response has required millions of workers to work from home. When coupled with a general sense of unease and uncertainty, the situation has created a perfect environment for cybercriminals to execute phishing scams. As a result, the number of phishing emails has increased by 667% in the past month.     
According to an assessment of 468,000 phishing emails, 2% were directly related to COVID-19. Meanwhile, 54% were labeled as scams, 34% as brand impersonation attacks, and 11% as blackmail. In addition, many are luring clicks by claiming to sell cures, face masks, and other critical supplies.  
For businesses, the implications are clear. Nobody can afford a data breach in this environment. Now is the right time to update and reemphasize phishing scam awareness training to ensure that employees can repel these damaging cyberattacks.  

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