Phishing attacks continue to post an upward trend. Over the years, phishers have improved their methods, using very convincing domains to bait victims into their schemes.
In fact, a 2019 phishing trends and intelligence report recorded a steady rise in the volume of phishing attacks. It stated that in 2018, for instance, the U.S. phishing activity grew by 40.9%, more than double the 2015 number. Unsurprisingly, 28.9% of these phishing attacks targeted financial institutions.
In this post, we looked at why banking institutions remain a top phishing target. Plus, we explored how they can avoid becoming part of phishing attacks through the use of Domain Reputation API.