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Phishing attacks increased nearly 40 percent in the year ending August 2024, with much of that growth concentrated at a small number of new generic top-level domains (gTLDs) — such as.shop ,top ,xyz — that attract scammers with rock-bottom prices and no meaningful registration requirements, new research finds.
By 2026, the integration of conversational AI in contact centers will lead to a substantial $80 billion reduction in labor costs for agents. Malicious intent or manipulation: AI chatbots can be exploited to spread misinformation, execute social engineering attacks or launch phishing.
carmaker with phishing attacks Law enforcement operation dismantled phishing-as-a-service platform LabHost Previously unknown Kapeka backdoor linked to Russian Sandworm APT Cisco warns of a command injection escalation flaw in its IMC. Automotive Industry Chinese Organized Crime’s Latest U.S.
billion daily emails by 2026. Moreover, email has become the primary conduit for phishing schemes. Phishing and Business Email Compromise (BEC) attacks are in the top three of the most expensive data breach factors. The same report showed that phishing emails were the primary initial vector for spreading ransomware.
Worldwide spending on security solutions and services is forecasted to be over $200 billion in 2023 and nearly $300 billion in 2026, yet we continue to see an increase in cyberattacks year after year. If organizations want to curb this trend, they should first focus on the top attack vector for threat actors, phishing.
Even as your organization hires more security experts and invests in ever-better cybersecurity technology, malware, phishing, and other attacks remain a persistent threat to your organization and the data of your customers. It could grow up to nearly $300 billion by 2026. Your organization has likely experienced this increase, as well.
With phishing for example, customers can be tricked into providing information regarding their account. PP: As the name suggests, with this type of fraud, fraudsters use the accounts of their victims to access the MNO’s services. Fraud can occur using information gathered from a customer using social engineering.
This trend is expected to increase as Gartner projects a threefold rise in unstructured data capacity by 2026. Cybercriminals use various ways to acquire illegal access and exfiltrate sensitive data, such as exploiting software flaws, phishing assaults, or using compromised credentials.
Attackers can steal or phish users for their session ID and then use it to access the application. The web application firewall market is expected to grow at a CAGR of 16.92% , leaping from a valuation of $3.23B in 2020 to $8.06B in 2026. Session hijacking. From there, the malicious actor can do anything the authorized user could do.
As a result, Google observed a significant reduction in successful phishing attacks and increased overall security posture. According to Gartner, a leading research and advisory company, it is projected that over 50% of organizations will fail to realize the benefits of Zero Trust by 2026.
Investment in the public cloud is expected to grow from less than 17% in 2021 to more than 45% of total enterprise IT spending by 2026 , according to Gartner. Businesses will speed up consolidation efforts because of the current economic downturn. We may currently be seeing what is known as "cloudflation.".
Expect to see AI-enabled phishing campaigns, deepfake scams, and automated attacks grow in complexity. Defensive AI breakthroughs: Tools that flag phishing attempts and scams more effectively, offering users clearer warnings and peace of mind. Secure digital identities: Broader adoption of services like Clear and ID.me
Phishing attacks , still the most common form of attack ( with 9 out of 10 data breach attempts originating from them ) will become next level. In fact, Gartner predicts that by 2026, organisations who prioritise their security investments based on a CTEM programme will realise a two-thirds reduction in breaches.
percent a year through 2026, when it will hit $54.6 Microsegmentation has been one of the critical tools used to achieve zero trust, carving networks into small segments to limit risk. Zero trust is a fast-growing security technology, with KBY Research analysts predicting the market will grow an average of 18.8 Support for Zero Trust.
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