There has been a record-breaking 250% increase in phishing activities between October 2015 and March 2016, says Business Wire, quoting an Anti-Phishing Working Group (APWG) report.
The new Phishing Activity Trends Report says there were 289,371 unique phishing sites in Q1 2016 and around 123,555 in March 2016 alone. These are the highest ever recorded quarterly and monthly totals in the history of APWG, which first started tracking phishing activities in 2004.
The study also found an increase in ransomware infections and observed that retail/service sectors were the biggest targets with the most attacks on cloud-based or SaaS companies.
APWG plans to discuss strategies to confront the growing menace of cybercrime at its annual general meeting in Toronto next week.
For full report, click here.