Phishing attacks at highest level in three years
The total number of phishing sites detected in July through September 2019 was 266,387. This was up 46 percent from the 182,465 seen in the second quarter of 2019, and almost double the 138,328 seen in Q4 2018.
“This is the worst period for phishing that the APWG has seen in three years, since the fourth quarter of 2016,” said Greg Aaron, APWG Senior Research Fellow and President of Illumintel.
In addition to the increase in phishing volume, the number of brands that were attacked by phishers in Q3 was also up notably. APWG contributor MarkMonitor saw attacks against more than 400 different brands (companies) per month in Q3, versus an average of 313 per month in Q2.
Stefanie Wood Ellis, Anti-Fraud Product & Marketing Manager at MarkMonitor, noted: “The top targeted industries are largely consistent with previous quarters. Webmail and SaaS sites remained the biggest targets of phishing.”
Meanwhile, “Business e-mail compromise” or BEC scams remained highly damaging. These attacks target employees who have access to company finances or valued data assets, usually by sending them email from fake or compromised email accounts (a spear phishing attack).
According to APWG contributing member Agari, 40 percent of BEC attacks use a domain name registered by a scammer. These domains are often variations of a trusted, existing company name, meant to fool unwary victims. In the third quarter, attacks involving wire transfers from victims were for an average of $52,325.