Fraud and scam activity hits all-time high

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, CTO 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, including websites, social media, marketplaces and mobile app stores.