Phishing attacks are cyber-attacks that use deceptive emails or websites designed to steal personal information. They often use fake emails, websites, or links to malicious websites to trick victims into entering personal information such as banking details, passwords, credit card numbers, or other sensitive information. Phishing attacks can also lead to identity theft, financial losses, and other forms of fraud.
According to statistics from the Anti-Phishing Working Group, there were more than 1.8 million phishing attacks reported in 2018. These attacks resulted in more than 350,000 reported data breaches, with an average cost of $1.6 million per breach. The group also found that more than 80 percent of phishing attacks targeted businesses, with the majority of them targeting financial institutions.
In India, the number of phishing attacks has been increasing over the years. According to a recent report by the Indian Computer Emergency Response Team (CERT-In), the number of phishing attacks increased by over 275 percent in 2018 as compared to 2017. The report noted that most of the phishing attacks targeted banking and financial institutions, followed by educational institutions. CERT-In also found that more than 50 percent of the phishing attacks were targeted at Indian users.
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