SMEs are Three Times More Likely to be Targeted by Spear Phishing Than Large Organizations

Criminals are more likely to target smaller companies for social engineering attacks. This should be apparent from an investigation by security guard Barracuda.

 

In a report, the company states that an employee at an SME with fewer than 100 employees is on average 3.5 times more likely to be targeted by spear-phishing than an employee at larger organizations.

In spear phishing, criminals pretend to be someone from a well-known organization or a colleague to entice users to pass on information or download a malicious file. In 2021, according to Barracuda, gangs sent about three million messages through 12,000 compromised accounts.

The research is yet to show that the hijacking of e-mail conversations increased by about 270% last year. About half of those cases involved phishing—another striking fact: especially Microsoft accounts are counterfeited. The brand was imitated in 57% of the phishing attacks found. About half a million Microsoft 365 accounts were hacked last year.

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