The APWG report highlights a concerning trend in which fraudsters are increasingly utilizing direct phone calls and text messages to lure victims, making their methods more immediate. This tactic ensures that perpetrators can engage directly with potential victims, convincing them to divulge sensitive information, thus increasing the success rate of phishing attempts.
In Q2 2024, phishing threats remained significant with 877,536 attacks reported, although this marks a decrease from the 963,994 attacks observed in Q1 2024. This data underscores the persistent threat of phishing, despite a temporary decline in the number of reported incidents.
Business Email Compromise (BEC) attacks are notably costly, with scammers requesting an average of $89,520 per attempt. The integration of phone and email methods for these scams highlights the evolving complexity of online fraud, emphasizing the need for increased vigilance and protective measures among businesses.
The reliance on free email services for carrying out BEC attacks is alarming, with 72% of these scams initiated through such domains. Among these, Gmail is the most popular choice, used by 72.4% of scammers, indicating a significant vulnerability associated with reputable email platforms.
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