Not all phishing attacks are the same, and some are far more sophisticated than others. Cybersecurity experts say spear phishing, in particular, is on the rise.
Traditional phishing scams are often numbers games, but spear phishing involves targeting specific individuals or groups. According to a March report on the practice from cybersecurity firm Barracuda Networks, these types of attacks are frequently researched in advance and intended to capture data like login credentials or other sensitive information. Analysing 360,000 emails that involved spear phishing over a three-month period, the company’s researchers found that 83 per cent of these attacks involve brand impersonation of companies users know and trust.
Falanx Group Ltd (LON:FLX), through its subsidiaries, provides cyber defence and intelligence services to blue chip and government clients worldwide. It operates through Falanx Cyber Defence and Falanx Intelligence divisions.