Q2 and Q3 2020 State of Phishing and Online Fraud Report

This report presents findings from the Q2 and Q3 2020 analysis of phishing and online fraud trends. It documents a 13% increase in phishing and scam sites compared to Q1 2020, with an alarming average of 18,000 new scam sites created daily. The report outlines how cybercriminals exploit vulnerabilities, particularly targeting remote workers with deceptive emails that impersonate corporate IT or executives. It details the significant rise in brand impersonation, with major companies like Microsoft and PayPal being heavily targeted. The report emphasizes the need for businesses to adopt proactive measures against these threats, highlighting the importance of rapid takedown of fraudulent sites. The findings indicate that as digital transformation accelerates, the opportunities for cybercriminals to exploit weaknesses will continue to grow, necessitating a shift in cybersecurity strategies to combat the increasing scale of attacks. Overall, the report underscores the urgent need for organizations to enhance their defenses against evolving phishing tactics.