73% of UK Businesses Suffered Phishing-Related Data Breaches in Last 12 Months

Merchants across the globe are expected to lose more than $20 billion to fraud in 2021 alone, a staggering amount indicating the rising menace digital fraud poses to businesses and individuals.

In the United Kingdom, schemes are gaining traction, with 73% of the region’s companies suffering data breaches that stemmed from phishing within the past year. The modus operandi of fraudsters was to trick employees into forfeiting login data that they then used to breach corporate systems.