1 in 5 SMBs did not know the term phishing. -, By all accounts, any sender who gets a complaint rate higher than 0.5% will have serious delivery issues at these ISPs. Don't let credential theft spiral into business email compromise. With the increasing frequency of phishing, there's a huge operational cost associated with dealing with these attacks. The impact of these phishing attacks will be realized by the compromised accounts, malware infections, and loss of data left in their wake. July 6, 2022. As of Q1 2022, the financial industry is the most targeted by phishing attacks, followed by SaaS/Webmail and retail . Brand impersonation incidents are primarily linked to tech firms (71.8%), followed by telecoms, retail, finance, and logistics. Proofpoint is a registered trademark or tradename of Proofpoint, Inc. in the U.S. and/or other countries. Even worse? Here are some headline stats about phishing that you need to know for 2022. 1 in 5 SMBs did not know the term . They Suffered Billions In Fraud. Read the latest press releases, news stories and media highlights about Proofpoint. Bulk phishing was the most common type of phishing attack. Recognise an unknown email with a suspicious link or attachment. Ransomware infection rates saw a huge increase in 2021, largely due to the increased importance of online learning and teleworking platforms. The five most common types of phishing attacks include email phishing, spear phishing, whaling, smishing and vishing. Through his informative content, he is helping Australians stay protected with secure digital controls. Phishing is a type of online scam that targets consumers by sending them an e-mail that appears to be from a well-known source - an internet service provider, a bank, or a mortgage company, for example. Usually, CEO fraud is not successful if there has not been any research done before the attack. Phishing has been around since the very early days of the Internet, but as we rely more on the worldwide web, the risks and dangers are becoming more substantial. 2022 has seen a tiny drop in this statistic from 2021, wherein stolen or compromised credentials were the primary attack vector in 20% of breaches. . Learn about how we handle data and make commitments to privacy and other regulations. Top Clicked Phishing Email Subjects, document.write( new Date().getFullYear() ); KnowBe4, Inc. All rights reserved. Almost every email subject we examined contained a phishing link. Other than financial gain, there are various motivations and motives behind a cyber-attack. Infosec and IT survey participants experienced an increase in targeted attacks in 2021 compared to 2020, yet our analysis showed the recognition of key security terminology such as phishing, malware, smishing, and vishing dropped significantly, said Lefort. Learn about our relationships with industry-leading firms to help protect your people, data and brand. -, 30% of retailers send one or more emails following an unsubscribe request, up from 26% in 2008.-, 39% of all respondents said they used the "report spam" button often or very often. This year's report dives deep into today's threatsand how prepared users are to face them. AI-powered protection against BEC, ransomware, phishing, supplier riskandmore with inline+API or MX-based deployment. (Juniper Research, 2019) On average, the cost of a data breach for organizations in 2020 is only about $3.86 million. All rights reserved. 83% of organizations said they experienced phishing attacks last year. This suggests that attackers are focusing more on mid-market attacks, which are more consistent and less risky than high-profile attacks. Leading organizations of all sizes, including more than half of the Fortune 1000, rely on Proofpoint for people-centric security and compliance solutions that mitigate their most critical risks across email, the cloud, social media, and the web. Learn about the technology and alliance partners in our Social Media Protection Partner program. Connect with Proofpoint:Twitter|LinkedIn|Facebook|YouTube. To keep up with cybercrime, organisations need to constantly evolve their cyber security training. Phishing scams can cost millions of dollars to an organisation and have long-lasting consequences. According to a Check Point study, this ever-popular social networking platform experienced more than half of phishing attacks globally. Even more concerning, 50 percent are opened and 10 percent are clicked on. (Source: Verizon) A tremendous amount of emails is sent every day around the globe. 86 Ransomware Statistics, Data, Trends, and Facts [updated 2022] Ransomware is a form of malicious software that infiltrates a computer or network and limits or restricts access to critical data by encrypting files until a ransom is paid. Phishing attacks are becoming more prevalent and show no signs of slowing down in the upcoming years. PS: Don't like to click on redirected buttons? Ransomware statistics 2021/2022. They may target your organisation during a critical time when you least suspect an attack such as the end of the fiscal year period. Learn about the human side of cybersecurity. CFOs need to build a culture of cybersecurity and shape unsafe behaviours through a training program that identifies behaviour, changes behaviour and evaluates the success rate of preventing an attack. ( Statistia) Around 91% of data breaches happen because of phishing. Other popular targets include government agencies, which is a particularly prominent issue given the rise of programs aimed at helping people during the COVID-19 pandemic. The aim of a phishing technique is for victims to hand over sensitive information or download malware that gives fraudsters access to the businesss network. Read how Proofpoint customers around the globe solve their most pressing cybersecurity challenges. Email spam costs businesses $20.5 billion every year. For instance, cybercriminals may attack to make a social or political point, they may collaborate with an insider threat, sense achievement or recognition, commit corporate espionage to gain competitive advantage and more. Create an incident response (IR) team and test the IR plan. Check out our dedicated phishing information hub. It shows you how many reports we've received, the amount of money lost, as well as the age, gender and location of people reporting scams. Around 65% of cybercriminals have leveraged spear phishing emails as their primary attack vector. However, only 37% educate workers about best practices for remote working, illustrating a worrying gap in security best practice knowledge for the new normal of working. -. Check out this comprehensive compilation. The year-over-year increase remains steady but representative of the challenges organizations faced as ransomware attacks surged in 2021. More CFOs and CEOs are recognising the increasing threat of cybercrime in 2021 encouraging the practice of anti-phishing. Phishing was the second most common cause of breaches at 16%, costing $4.91m. In March 2022, phishing texts rose 28% from February 2022 and increased by 1,024% from April 2021. Japanese users enjoy the lowest number of phishing emails, with a 1 in 905 rate. Smishing attacks have risen 328% in 2020 alone. Comparing the countries that are targeted over the past years, the targeted destination of cyber-attacks has changed in 2022. The average amount requested in wire transfer BEC attacks in Q2 2022 was $109,467, up from $91,436 in Q1 2022. LinkedIn phishing messages make up 47% of social media phishing attacks. KnowBe4's latest quarterly report on top-clicked phishing email subjects is here. (Source: F5) Phishing itself relates to the practice of sending out fraudulent emails. It also highlights real-world phishing examples and illustrates the value of a training solution that accounts for changing conditions, like those experienced by organizations throughout the pandemic. A scant 16% of organizations made it through the past year without experiencing at least one phishing or ransomware incident, according to Osterman Research. A few alarming phishing statistics and trends show that this threat is not abating. Financial businesses were the top targets, affected mostly by credential theft phishing. For 2022, the overall PPP baseline average across all industries and size organizations was 32.4%, meaning just less than a third of an average company's employee base could be at risk of clicking on a phishing email. And the average cost of malware . Phishing is one of the leading causes of data breaches, and IBM's 2022 Cost of Data Breach Report found that the average cost of data breaches rose from $4.24m in 2021 to $4.35m in 2022. Of those who do not require double opt-in, 4.1% of emails were delivered as spam and received a 0.027% complaint rate. -, 30% say they use spam complaint mechanisms, while two-thirds of them equate reporting spam with unsubscribing from marketers' email programs. Spoofed domains look like they are coming from within the users' organization, adding an illusion of legitimacy and a sense of urgency to the email. Statista and Kaspersky note that a quarter of all spam emails sent in 2021 originated from Russia. Baby Boomers Are Most Likely to Recognize Terms "Phishing" and "Ransomware" 10. Accounts payable teams not only need to be prepared for direct attacks but need to be tested through different scenarios and understand the depth and breadth of potential cyber incidents. -, Two out of every three email messages received by today's business users are spam. In Q2 2022, we examined 'in-the-wild' email subject lines that show actual emails users received and reported to their IT departments as suspicious. Identifying cyber threats does not necessarily equate to preventing them. -, 76% of traffic is stopped at the email gateway as spam or malware and does not find its way into user inboxes. 2. It takes an average of 196 days to find a data leak. Keep up with the latest news and happenings in the everevolving cybersecurity landscape. *Capitalization and spelling are as they were in the phishing test subject line. LinkedIn was used in more than half (52%) of phishing scams worldwide a 44% upshift from 8% in the previous quarter. Deliver Proofpoint solutions to your customers and grow your business. (IBM, 2020) The United States has the highest average cost of a data breach at about $8.64 per attack. Cybercrime cost U.S. businesses more than $6.9 billion in 2021, and only 43% of businesses feel financially. Not only do organisations have to prioritise their cybersecurity measures but also protect customer data. 30% of U.S. users open phishing emails. Training gives employees the ability to rapidly recognize a suspicious email, even if it appears to come from an internal source, causing them to pause before clicking. Scammers use this information along with social engineering tactics to call phone numbers and attempt phishing texts. 52% of all phishing attacks globally targeted LinkedIn in Q1,2022. In 2020, phishing mails were a leading point of entry for ransomware, constituting up to 54 percent of digital vulnerabilities. On top of that, web-based . Summary - 2nd Quarter 2022. According to research, when asking the respondents why they do not use MFA, the overall reason is that change is hard and inconvenient. Take the first step now and find out before bad actors do. Total average cost of malware attacks caused by phishing reached $807,506 in 2021. Through phishing emails, cybercriminals implement malware that may be located on email attachments or some form of a link. Phishing mail, just like the popular hobby with similar name, is extremely common and simple. CISCO's 2021 report echoed this, stating that at least one person clicked a phishing link in around 86% of organizations. Keep track of the latest scams data with our interactive tool. Along with simulated phishing emails, other formal education sessions include newsletters or informative emails (39%), awareness posters or videos (35%), smishing and/or vishing simulations (33%) and internal cybersecurity chat channel (32%). Seniors are thought to have more money sitting in their bank accounts than younger consumers. Youve successfully subscribed to Stat Center. The European Payments Council reported that more than 166,000 phishing victims had made complaints between June 2016 and July 2019, with $26 billion in losses. Each security awareness training should have three main components such as assessment, change of behaviour and evaluation. See results from all previous quarters in ourTop Clicked Phishing Email Subjectstopic. the report reveals that attackers were more active in 2021 than 2020, with findings uncovering that more than three-quarters (78%) of organizations saw email-based ransomware attacks in 2021, while 77% faced business email compromise attacks (bec) (18% yoy increase of bec attacks from 2020), reflecting cybercriminals' continued focus on Other than the obvious financial consequence, enterprises may face backlash & loss of trust from customers, theft of intellectual property, business disruption and reputational damage. If successful, this can result in payment fraud or identity theft. That's on par with 2008 levels.-, 88% of major online retailers honor subscription opt-outs immediately or within 3 days. Learn about the benefits of becoming a Proofpoint Extraction Partner. Proofpoint is a leading cybersecurity company that protects organizations' greatest assets and biggest risks: their people. 53% of consumers say email is irrelevant - David Daniels, Vice President. Reduce risk, control costs and improve data visibility to ensure compliance. Phishing attacks against social media sets rose from 8.5% of all attacks in Q4 of 2021 to 12.5% in Q1 of 2022. This is reinforced by a 2020 Atlas VPN study that revealed that emails impersonating LinkedIn were the most click-on social media phishing attacks. New-school security awareness training your staff is one of the least costly and most effective methods to thwart social engineering attacks. Engage your users and turn them into a strong line of defense against phishing and other cyber attacks. -, At least 90 percent of email reaching corporate servers is spam. Look at these recent phishing statistics to know how email plays a critical role in cyber attacks. Those that required a double opt-in had 3.6% of emails delivered as spam and a 0.014% complaint rate. This survey research gives insight into the experiences of 500 IT leaders from medium-to enterprise-size businesses with phishing over the past year. The next most common domain is '.net' at less than 8.9%. Sitemap, Proofpoints 2022 State of the Phish Report Reveals Email-Based Attacks Dominated the Threat Landscape in 2021; Tailored Security Awareness Training Remains Critical for Protecting Hybrid Work Environments. For instance, implementing complex passwords, adding 2FA or MFA, encrypting files, security technology and more. Get free research and resources to help you protect against threats, build a security culture, and stop ransomware in its tracks. Learn about our global consulting and services partners that deliver fully managed and integrated solutions. LinkedIn is becoming a popular platform for hackers. 20 Insightful Phishing Statistics For a Safer 2022. Atlas VPN compiled their 2021-2022 cybercrime statistics to provide a clear look on the cyber-threat landscape. This makes it much more difficult for scammers to penetrate your files, enhancing your cloud email security. A tailored and interactive training programme are two key components in making your employees competent in cybersecurity. In 2021, 83% of organizations reported experiencing phishing attacks. Those that required a double opt-in had 3.6% of emails delivered as spam and a 0.014% complaint rate. In 2022, an additional six billion attacks are expected to occur. -, "This-is-Spam" rates for brands sending more often than once-a-week were nearly 20% lower than for weekly senders. **Email subject lines are a combination of both simulated phishing templates created by KnowBe4 for clients, and custom tests designed by KnowBe4 customers. Furthermore, it is anticipated that these numbers would increase throughout 2022. Over the last couple of difficult years, businesses worldwide have been forced to accelerate their adoption of new technologies and IT security and the cybercriminals have been just as fast to catch up. States Spent Millions On Deloittes Anti-Fraud Covid Unemployment Systems. 5. CLDY filters 350,000 emails on average every month due to spam. Phishing is a type of cybercrime that enables hackers to pose as authority figures, customer service representatives, or other trusted sources, in order to steal your most valuable personal information. In 2021, 37 percent of all businesses and organizations . According to Zscaler's 2022 ThreatLabz Phishing Report, phishing attempts rose by 110% in the government sector between 2020 and 2021. Manage risk and data retention needs with a modern compliance and archiving solution. In 2022 currently, over $3.2 million were lost due to phishing emails. Review the report for full details on our North American, EMEA, and APAC discoveries: To download the State of the Phish 2022 report, and see a full list of global and regional comparisons, please visit:https://www.proofpoint.com/us/resources/threat-reports/state-of-phish. Keep your people and their cloud apps secure by eliminating threats, avoiding data loss and mitigating compliance risk. What is the human cost of phishing attacks? All other trademarks contained herein are the property of their respective owners. Every organisation must implement some form of security measure around the individuals they employ, their security software and the processes of how the business operates. Another 14% will just delete the email each time, and 9% will hit the Report Spam button hoping to make the offending email go away. 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