Financial Services Industry Becomes Prime Target for Phishing Attacks

Technology & Telecommunications

Lite

Adi Ahdiat 17/05/2023 12:50 WIB

URL has been copied

Memuat...

According to the Anti-Phishing Working Group (APWG), an international organization, phishing cybercrimes most frequently target the financial services industry.

Global Phishing Attack Proportions by Industry Sector (Q4 2022)*

A Font Kecil
A Font Sedang
A Font Besar

Access single data

Financial Services Industry Becomes Prime Target for Phishing Attacks

Want to get more access to Data Stories with a more affordable price? Subscribe.

By subscribing, you join us in presenting quality data.

Get:

Premium Data Stories access
Comfortable reading without ads
Download data in XLS, PDF, and image format
Access to data source information

Basic

~~Rp100.000~~

Rp50.000/month

Professional

~~Rp100.000~~

Rp150.000/month

Institutional For organizations

We accept the following payments:

Some payment methods are still in the process of being activated.

Global Phishing Attack Proportions by Industry Sector (Q4 2022)*

Download

Source

A Small Font
A Medium Font
A Bigger Font

According to the international organization Anti-Phishing Working Group (APWG), cybercrime, specifically phishing, most frequently targets the financial services industry.

Phishing perpetrators typically act by pretending to be a legitimate company or authority, then sending emails containing links to specific websites to victims.

This is done to deceive victims into entering their important information on phishing sites, such as usernames, passwords, PIN numbers, and so on. Once the data is obtained, the perpetrators can freely drain the victim's account or commit other crimes.

Phishing can also be carried out using social engineering tactics, where the perpetrator contacts the victim via phone, text message, or other media, directing the victim to open a specific website for the purpose of similar data theft.

There is also phishing that aims to implant malware or viruses onto the victim's digital devices, allowing the perpetrator to steal the victim's data automatically.

APWG measures phishing attack trends by the number of unique phishing sites sent via email globally. Its data comes from reports from APWG research partners in various countries, as well as from public complaints reported directly to the APWG website.

As a result, APWG found approximately 1.3 million phishing attacks during the fourth quarter of 2022, with the majority targeting the financial services industry.

"The financial sector, including banks, remains the largest target of attacks, accounting for 27.7 percent of total attacks, an increase from 23.2 percent in the third quarter of 2022," stated APWG in its *Phishing Activity Trends Report 4th Quarter 2022*.

In addition, phishing also frequently targets software providers, social media companies, logistics, payment services, e-commerce, telecommunications, and cryptocurrency industries, as shown in the graph above.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."