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Barracuda Networks reveals extent of spearphishing attacks

Throughout 2022, Barracuda Networks discovered around 30 million spearphishing emails in 50 billion emails across 3.5 million mailboxes.

According to the report, half of the over 1,000 organizations examined were victims of targeted attacks. In addition, a fifth of the firms had at least one compromised email account as a result of account takeovers.

Scamming is the most prevalent sort of attack, accounting for 47 per cent of all assaults in which victims are duped into providing personal information for fraudulent reasons. Brand imitation came in second, accounting for 42 per cent of all attacks. In this scenario, attackers use well-known brands to dupe consumers and steal login information. Business email compromise accounts for 8 per cent of assaults, in which attackers pose as trustworthy persons in order to trick victims into engaging in illicit activities or revealing sensitive financial information.

Extortion accounts for 3 per cent of assaults, in which victims get threatening emails demanding cooperation to prevent personal information from being exposed. Conversation hijacking is the least prevalent sort of assault, accounting for only 0.3 per cent of all attacks. According to the report, 57 per cent of spearphishing victims use Gmail as their email platform, while 41 per cent use Microsoft 365.

The sources for this piece include an article in TechRepublic.

IT World Canada Staff
IT World Canada Staffhttp://www.itworldcanada.com/
The online resource for Canadian Information Technology professionals.

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Jim Love, Chief Content Officer, IT World Canada

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