SAN FRANCISCO, Aug 16 (Bernama-BUSINESS WIRE) — Cloudflare, Inc. (NYSE: NET), the security, performance, and reliability company helping to build a better Internet, today released its inaugural 2023 Phishing Threats Report. The findings highlight that phishing remains the most dominant and fastest growing Internet crime, largely due to the ubiquity of email and the ceaseless issue of human error that is preyed upon by today’s threat actors.
While business email compromise (BEC) losses have topped $50 billion, corporate organizations are not the only victims that attackers are after. The real implications of phishing go beyond Fortune 500’s and global companies, extending to small and local organizations as well as the public sector. For instance, in this year’s report, Cloudflare observed more email threats targeting political organizations. In the three months leading up to the 2022 US midterm elections, Cloudflare’s email security service prevented around 150,000 phishing emails from making their way to campaign officials.