Phishing is a form of social engineering, whereby fraudulent communication (usually email) appears to be from a trusted source. It deceives people into divulging sensitive information or enabling malware to be installed.
The Frequency of Phishing
Phishing threatens companies because employees may open malicious links and emails. In fact, research shows that this is the most common type of cyber threat facing UK businesses. In 2022 phishing formed 83% of attacks, up from 77% in 2021. This year three million data records are expected to be compromised due to phishing attacks.
According to IBM, the sectors most targeted in 2022 were: