New report detects phishing and online fraud activity …
LOS ALTOS, Calif .– (BUSINESS WIRE) – Bolster, a next-generation, deep learning-based fraud prevention company, today released its 2021 annual report on the state of phishing and fraud. online fraud. The report highlights the top trends behind digital scams using data collected from analysis of over 1 billion sites. The growth in online fraud campaign activity has been unprecedented with an increase of 185% compared to what was observed in 2019.
“This report proves what many companies have witnessed firsthand and personally: the Internet is full of scammers”
Remote working, online distribution and digital sales channels have created an explosion in digital activity in 2020. As businesses accelerate their digital transformation to adapt to the COVID-19 pandemic, phishing activity and online fraud have exploded, creating an average of over 19,000 new threats every day.
“COVID was not the only pandemic in 2020, and unfortunately there is no vaccine against phishing and online fraud,” said Shashi Prakash, chief technology officer and co-founder of Bolster. “Our data shows that online fraudsters are growing their business with relentless vigor, and businesses risk permanent reputational damage unless they rethink their approach to protecting their digital perimeter – this includes not only their employees, but also their customers, partners and supplies. Chains.”
The Bolster report provides insight into the volume of phishing and scam attacks with examples of real phishing and fraud campaign sites being used to steal credentials. Examples of fraudulent sites identified include:
Online sale of a COVID-19 vaccine with free delivery
Counterfeit Ray Ban Sunglasses are offered at 90% off retail
Apps to become a mystery shopper for Walmart and Kroger grocery stores
The main findings of the 2021 in-depth report include:
6.95 million new phishing and scam pages created
Key themes used for scams: COVID, gift cards, gaming hacks
Most new phishing and scam sites in a month: 206,310
The three main sectors targeted: technology, retail, finance
Top three countries where scams have been hosted: US, Russia, British Virgin Islands
Best email service used for phishing kits: Gmail
“This report proves what many companies have seen up close and personal – the internet is rife with crooks,” said Mark Weatherford, chief information security officer at AlertEnterprise and former member of the DHS Homeland Security Advisory Council (HSAC) . “We are late for a cleanup of the Internet because phishing and scam sites stay active for too long, allowing consumers to become cyber prey and businesses to lose credibility due to bogus online scams. line.”
The full report can be downloaded here. A more detailed summary of the results is available on the Bolster blog post.
Bolster helps businesses build trust and security on the internet with its next-generation AI-powered fraud prevention platform. The company protects some of the world’s largest brands, helping them strengthen their brand’s connection with their customers, partners and the supply chain ecosystem. The platform provides the industry’s fastest detection and automated removal of online scams, doing the work of hundreds of analysts and paralegals in just minutes. The company has a team of security experts from leading security companies such as Cisco, Symantec, McAfee, Bell Labs, and OpenDNS. Founded in 2017 and based in Los Altos, California. For more information, visit www.bolster.ai.