Online phishing attacks up 297% over last year

Online phishing attacks up 297% over last year

It’s no question that online shopping has continued to grow over the past few years, making it easy to order anything you like from practically wherever you like.

But what’s not so convenient is the slew of cybercriminals who have come along for the ride to steal your data and charge your credit card for goods you’ll never receive.

As retailers increasingly focus on selling merchandise through a variety of online channels such as Facebook and SnapChat, fraudsters are discovering new avenues to lure in unsuspecting victims.

“It is the most common way to obtain stolen credit-card numbers,” said Itay Kozuch, director of threat research of IntSights, a cyber-risk analytics company. “Instagram has become one of the leading vehicles for fraudsters to execute phishing attacks, as it is still a relatively new and uncharted channel for merchants and therefore is an easy way to capitalize.”

By Dalvin Brown

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