Security News > 2021 > August > Phishing attacks increase in H1 2021, sharp jump in crypto attacks

Overall, the first half of 2021 shows a 22 percent increase in the volume of phishing attacks over the same time period last year, PhishLabs reveals.

The impact of phishing attacks in H1 2021 Crypto is fully in attackers' sights: This category experienced an increase of phishing attacks 10 times greater than the previous quarter in 2021.

Notably, a combination of brand, executive, and employee impersonation attacks accounted for 54.7 percent of all social media attacks on the cryptocurrency sector.

"Additionally, the continued increase in SSO attacks suggests that criminals recognize that compromising an account used for SSO can give them access to many more secondary accounts that trust the SSO account for authentication. This makes these platforms a highly rewarding target, especially if they gain access to Office365 at the enterprise level. An in-depth approach combining technology, user education and operational processes are needed to combat this trend."

Additional trends Ongoing use of HTTPS-based attacks, which comprise 82 percent of phishing attacks, demonstrating that HTTPS alone is not enough to trust.

The continued abuse of free email accounts such as Gmail and Hotmail to launch phishing attacks.

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