Phishing: How It’s Getting Worse Despite Huge Cyber Investments
Phishing continues to be one of the most persistent cybersecurity risks, despite the advanced solutions developed by major cybersecurity companies. In fact, the risk posed by phishing attacks has only increased in recent years. This begs the question: Why haven’t large cybersecurity firms managed to put an end to phishing, and what impact does this have on individuals?
Phishing attacks have evolved from simple deceptive emails to sophisticated and highly targeted campaigns known as “spear-phishing.” According to cybersecurity reports, phishing is still the leading method for hackers to breach corporate networks and steal sensitive information. Despite advancements in security measures, phishing attacks grew in 2023 with more than 3.4 billion emails classified as phishing threats during the year.
Phishing attacks don’t just harm businesses; they have severe consequences for individuals as well. Once attackers gain access to personal information, they can steal identities, commit financial fraud, or sell the data on the dark web. The rise of phishing attacks targeting personal accounts—such as banking, shopping, and social media—means that individuals are more at risk than ever before.
