Phishing attacks doubled last year, according to Anti-Phishing Working Group

Historians will look back at the year 2020 as being not only the year that COVID-19 impacted life significantly, but also the year that phishing attacks doubled over the previous year. This is due to many factors, such as a large chunk of organizational employees working from home (many for the first time). The Anti-Phishing Working Group (APWG) has released a report highlighting the many facets of how phishing has impacted the world, including the fact that phishing attacks have doubled in 2020. 

Report findings

This article will recap findings from the 2020 fourth quarter edition of the APWG Phishing Activity Trends Report. This report analyzes phishing attacks and identity theft techniques that have been reported to the APWG. Below are the findings of this report, with a Phishing Activity trends summary to head it all off.

Phishing Activity Trends summary The number of phishing attacks that APWG observed doubled throughout 2020 The cost of business email compromise scams is rising — the average wire transfer amount requested in these attacks increased from $48,000 to $75,000 from quarter three 2020 to quarter four 2020 The category of financial institution, webmail and SaaS site was most frequently victimized in

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