LOS ALTOS, Calif.–(BUSINESS WIRE)–Bolster Inc., a deep learning-powered fraud prevention company protecting the world’s leading brands, today published its 2022 State of Phishing and Online Fraud Report and companion Global Fraud Index. The analysis shows an unprecedented level of fraud activity, spurred by the continuing growth of digital commerce, leading to an explosion of companies’ external attack surfaces.
Using data gathered from analyzing more than one billion sites, the 2022 State of Phishing and Online Fraud Report highlights the trends that drove digital scams in 2021. In this, the company’s third year of tracking phishing and scam data, we can see with no uncertainty how the pandemic has impacted, and in fact accelerated, digital adoption and, as a result, cyber fraud.
“As companies accelerate their digital first strategies, bad actors are more active than ever, targeting employees, customers, and company supply chains,” said Shashi Prakash, chief technology officer and co-founder at Bolster. “Our data clearly shows that companies need to do more to protect external attack vectors such as malicious sites, social media, and mobile app stores, which many security teams do not regularly monitor or have the expertise to remediate.”
Global fraud and scam activity is at an all-time high, and the growth is expected to continue into 2022. The digital-first strategy has also expanded the number of attack vectors criminals can target,…
