Office 365 will remain a target of choice in 2021

In 2020, phishing incidents rose by a staggering 220% compared to the yearly average during the height of global pandemic fears. Fraudsters were quick to seize upon the confusion and we saw large spikes in phishing activities that closely coincide with various lockdown rules and the increase in homeworking.

This year, Office 365 continues to present a rich and compelling target for attackers with fraudsters employing new tactics such as “consent phishing”, a type of cyber attack that involves misleading victims to obtain their permission via a malicious application to access legitimate services in the Cloud.

Fraudsters are becoming more creative with the names and locations of their phishing sites. Attempting to create ever more realistic website addresses, we found that 55% of phishing sites made use of target brand names and identities in their URLs. It takes an average of only 4 hours after the victim enters payment information on a fraudulent website before cybercriminals start using them.

With the continued growth of phishing attacks, phishing simulations and ongoing training of your employees remain essential to combat it.

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