Phishing Attack Trends

Alarming Phishing Attack Trends to Beware of in 2022

In 2020, 75% of companies around the world experienced a phishing attack. Let us discuss about Phishing Attack Trends to Beware of in 2022.

Phishing remains one of the biggest dangers to your business’s health and wellbeing. Because it’s the main delivery method for all types of cyberattacks.

One phishing email can be responsible. For a company succumbing to ransomware and having to face costly downtime.

It can also lead a user to unknowingly hand over the credentials to a company email account. That the hacker then uses to send targeted attacks to customers.

Phishing takes advantage of human error. And some phishing emails use sophisticated tactics. To fool the recipient into divulging information or infecting a network with malware.

Mobile phishing threats skyrocketed by 161% in 2021.

Your best safeguards against the continuous onslaught of phishing include:

  • Email filtering
  • DNS filtering
  • Next-gen antivirus/anti-malware
  • Ongoing employee cybersecurity awareness training

To properly train your employees and ensure your IT security is being upgraded. To meet the newest threats you need to know. What new phishing dangers are headed your way.

Here are some of the latest phishing trends that you need to watch out for in 2022.

Phishing Is Increasingly Being Sent via Text Message

Fewer people are suspicious of text messages. Than they are of unexpected email messages. Most phishing training is usually focused on the email form of phishing. Because it’s always been the most prevalent.

But cybercrime entities are now taking advantage of the easy availability of mobile phone numbers. And using text messaging to deploy phishing attacks. This type of phishing (called “smishing”) is growing in volume.

People are receiving more text messages now than they did in the past. Due in large part to retailers and service businesses pushing their text updates for sales and delivery notices.

This makes it even easier for Phishing Attack Trends via SMS. To fake being a shipment notice. And get a user to click on a shortened URL.

Business Email Compromise Is on the Rise

Ransomware has been a growing Phishing Attack Trends threat over the last few years largely. Because it’s been a big money-maker for the criminal groups that launch cyberattacks.

A new up-and-coming form of attack is. Beginning to be quite lucrative and thus is also growing.

Business email compromise (BEC) is on the rise and being exploited by attackers. To make money off things like gift card scams. And fake wire transfer requests.

What makes BEC so dangerous (and lucrative) is that. When a criminal gains access to a business email account. They can send very convincing phishing messages to employees. Customers, and vendors of that company.

The recipients will immediately trust the familiar email address. Making these emails potent weapons for cybercriminals.

Small Businesses Are Being Targeted More Frequently With Spear Phishing

There is no such thing as being too small to be attacked by a hacker. Small businesses are targeted frequently in cyberattacks. Because they tend to have less IT security than larger companies.

43% of all data breaches target small and mid-sized companies. And 40% of small businesses that become victims of an attack experience. At least eight hours of downtime as a result.

Related: 6 Ways to Combat Social Phishing Attacks in 2022

Spear phishing is a more dangerous form of phishing. Because it’s targeted and not generic. It’s the type deployed in an attack using BEC.

It used to be that spear-phishing was used for larger companies. Because it takes more time to set up a targeted and tailored attack.

However, as large criminal groups and state-sponsored hackers make their attacks more efficient. They’re able to more easily target anyone.

A result is small businesses receiving more tailored phishing attacks. That are harder for their users to identify as a scam.

The Use of Initial Access Brokers to Make Attacks More Effective

We just discussed the fact that large criminal groups are continually optimizing their attacks to make them more effective. They treat cyberattacks like a business and work to make them more profitable all the time.

One way they are doing this is by using outside specialists called Initial Access Brokers. This is a specific type of hacker that only focuses on getting the initial breach into a network or company account.

The increasing use of these experts in their field. Makes phishing attacks even more dangerous and difficult for users to detect.

Business Impersonation Is Being Used More Often

As users have gotten savvier about being careful of emails from unknown senders. Phishing attackers have increasingly used business impersonation.

This is where a phishing email will come in looking like a legitimate email. From a company that the user may know or even do business with.

Amazon is a common target of business impersonation. But it also happens with smaller companies as well. For example, there have been instances where website hosting companies have had client lists breached.

And those companies sent emails impersonating the hosting company. And asking the users to log in to an account to fix an urgent problem. Not just those from unknown senders.

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This Article has been Republished with Permission from The Technology Press.