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, #phishing 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.
Hugh Taylor
Hugh Taylor is a Certified Information Security Manager (CISM). In addition to editing Journal of Cyber Policy, he writes about cybersecurity, compliance and enterprise technology for such clients as Microsoft, IBM, SAP, HPE, Oracle, Google and Advanced Micro Devices. Prior to launching his freelance writing career, he served in executive roles at Microsoft, IBM and several venture-backed technology startups.