Inaugural IRONSCALES Threat Index Reveals New Insights on Phishing and BEC Threats
IRONSCALES released its inaugural IRONSCALES Threat Index. The IRONSCALES Threat Index: Q4’22/Q1’23 Edition , based on proprietary data analysis of millions of customer emails, highlights the evolving landscape of phishing and business email compromise (BEC) trends.
The IRONSCALES Threat Index: Q4’22/Q1’23 Edition , based on proprietary data analysis of millions of customer emails, highlights the evolving landscape of phishing and business email compromise (BEC) trends. From the dominance of unknown threats to the rise of credential theft and BEC scams, these findings shed light on the pressing cybersecurity challenges faced by organizations today. The IRONSCALES Threat Index encompasses email data across all of IRONSCALES Microsoft 365 and Google Workspace protected customers from October 2022 through March 2023.
Key findings are summarized below:
• Unknown Threats Continue To Dominate & Evade: In the six-month period, IRONSCALES saw nearly eight million phishing messages slip past traditional email defenses including Secure Email Gateways (SEGs). The majority (88%) of those messages were "unknown" threats, such as advanced phishing attacks that use social engineering tactics to create a false sense of trust and urgency to get the victim to act fast. These types of threats are particularly dangerous because they are highly targeted, have not been previously identified, and can evade traditional security measures. They can, however, be detected through a combination of AI and machine learning technologies and human insights – both of which are better equipped to identify anomalous behavior and threats.
• Credential Theft Remains Top Concern for Financial Services & Others: Overall, known phishing attempts had a mild bump from the previous six months time period, increasing by just over 2%. However, credential theft in particular saw a steady incline. Nearly three-quarters (72%) of all known attempts were credential theft scams, representing a 10.5% increase from ..
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