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H2 2024 - Bait and Switch: File-Sharing Phishing Attacks Surge 350%

Explore recent developments in the attack landscape, including the growing threat of sophisticated file-sharing phishing attacks.

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File-sharing phishing attacks surged 350% year-over-year, with financial organizations and built environment firms targeted most.

Over 60% of file-sharing phishing attacks originate from legitimate sending domains, making detection harder.

Business email compromise attacks grew by more than 50% between H2 2023 and H1 2024.

41% of Abnormal customers experienced a vendor email compromise attack every week in the first half of 2024.

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The telltale signs of phishing are rapidly disappearing, as cybercriminals leverage legitimate business tools and dark web resources to create malicious emails that appear indistinguishable from safe ones.

In file-sharing phishing attacks, cybercriminals exploit trusted platforms and convincing pretexts to impersonate well-known brands and manipulate targets into revealing private information or downloading malware.

Our latest research revealed that file-sharing phishing attacks skyrocketed by 350% year-over-year, with financial organizations and built environment firms targeted the most.

H2 2024 Threat Report File Sharing Phishing Attack Volume
  • More than 60% of file-sharing phishing attacks originate from legitimate sending domains

  • Business email compromise attacks grew by over 50% between H2 2023 and H1 2024

  • 41% of Abnormal customers experienced a VEC attack each week between January–June 2024

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