E-brands accounts for 42% of financial phishing cases in 2022, latest report

Phishing is one of the most common types of cybercrime, as it is easy to access and effective.

With pre-made phishing kits readily available, even those with little technical knowledge can launch phishing operations.

According to data from Atlas VPN, e-shop brands were the most commonly used bait by phishers in 2022, accounting for 42% of financial phishing cases.

While companies in the banking and payment industries were also targeted, they only comprised about 10% of all financial phishing incidents.

The data comes from Kaspersky security product users who voluntarily provided anonymized data.

The popularity of online shopping has led to more companies being imitated by phishers globally.

Apple is the most frequently impersonated brand, accounting for approximately 60% of e-shop financial phishing threats in 2022.

Amazon is the second most imitated brand with 15%, while Mercari, MercadoLibre, and eBay are used in only 6% of phishing attacks.

Payment systems are also targeted, with PayPal being the favorite target, accounting for 84.23% of phishing URLs for electronic payment systems.

Other payment systems such as American Express, Visa, and MasterCard have seen their shares decline significantly.

Steve Mokaya

Recent Posts

KHOMIAKOV: The long game of crypto: Mastering risk management and security

The crypto world is full of opportunities but can also pose risks. Whether it’s market…

3 weeks ago

Is this the longest battery life for AI glasses? Loomos A1 smart glasses review

When it comes to wearable AI, one of the biggest drawbacks has always been battery…

3 weeks ago

Kenya’s healthcare leaders bet on AI to cut costs and expand coverage

Health insurance and technology leaders in Kenya see Artificial Intelligence (AI) and real-time data as…

3 weeks ago

Nairobi to host global investors as Africa’s startup boom takes center stage

More than 1,500 global leaders, investors, and entrepreneurs are set to convene in Nairobi for…

3 weeks ago

PATEL: Africa’s digital future hinges on affordable smartphone access

Imagine a world where access to education, financial services, and healthcare depends on owning a…

3 weeks ago

Samsung Galaxy S25 series smartphones now available in Kenya

The Galaxy S25 series of smartphones is now available for purchase in Kenya through authorized…

3 weeks ago