Important Facts
- Prevalence of Phishing: Phishing is one of the most common forms of email fraud, with billions of phishing emails being sent out globally each year. According to reports, phishing attacks increased by 65% in the last year, with billions of dollars lost in successful scams.
- Targeting Specific Groups: Fraudsters often target high-net-worth individuals, employees of specific companies, or those in key financial or executive roles, leveraging spear phishing and BEC scams.
- Tech Support Scams: The tech support scam is growing, with over 13 million victims affected globally, losing millions of dollars to fraudsters posing as tech support agents.
- Email Fraud in the Corporate World: Business Email Compromise (BEC) is a major threat to businesses, with over $1.7 billion in losses reported in the last year alone. Scammers are particularly successful in targeting employees in finance, payroll, or executive roles.