Spear Phishing Report: Social Engineering and Growing Complexity of Attacks

As cybercriminals step up social engineering attacks against employees at small businesses, organizations of all sizes need to be prepared for spear-phishing attacks.

Between January 2021 and December 2021, Barracuda researchers analyzed millions of spear phishing and social engineering attacks impacting mailboxes at thousands of organizations. They share the findings from their analysis in the new report Spear Phishing: Top Threats and Trends Vol. 7 – Key Findings on the Latest Social Engineering Tactics and the Growing Complexity of Attacks. This in-depth report takes a look at the current trends in spear phishing, which businesses are most likely to be targeted, the new tricks attackers are using to sneak past victims’ defenses, and the number of accounts that are being compromised successfully.

An in-depth look at key findings: 

Barracuda’s research reveals key takeaways about how these attacks are evolving and how cybercriminals target smaller businesses, hoping it will give them a better chance at successfully compromising accounts and wreaking further havoc. Here are some of the key findings from their analysis:

·   An average employee of a small business with less than 100 employees will experience 350% more social engineering attacks than an employee of a larger enterprise.

·   Conversation hijacking grew almost 270% in 2021.

·   51% of social engineering attacks are phishing.

·   Microsoft is the most impersonated brand, used in 57% of phishing attacks.

·   1 in 5 organizations had an account compromised in 2021.

·   Cybercriminals compromised approximately 500,000 Microsoft 365 accounts in 2021.

·   1 in 3 malicious logins into compromised accounts came from Nigeria.

·   Cybercriminals sent out 3 million messages from 12,000 compromised accounts.

Get your free copy of Spear Phishing: Top Threats and Trends Vol. 7 – Key Findings on the Latest Social Engineering Tactics and the Growing Complexity of Attacks now to see all the latest details, fresh insights on the current attack trends, and the best practices to help protect your business from spear-phishing attacks.

Reference: Barracuda’s report, titled Spear Phishing: Top Threats and Trends Vol. 7 – Key Findings on the Latest Social Engineering Tactics and the Growing Complexity of Attacks