Social engineering attack is dubbed as hacking of the human mind. Phishing is a type of social engineering attack.

“It’s interesting to see companies being targeted by financial phishing but we have to remember here that businesses, at their core, are still made up of humans. Thailand logged 101,461 phishing attempts related to finances, followed by the Philippines with 52,914, and Singapore with 22,109. Vietnam comes second with 172,694, and Malaysia recorded 120,656. Indonesia chalked up the highest number of financial phishing incidents (208,238). E-shops refer to online stores and auction sites like Amazon, the Apple Store, Steam, eBay etc. Payment system phishing includes pages impersonating well-known payment brands, such as PayPal, MasterCard, American Express, Visa and others. In this case, “financial phishing” refers not only to banking specific phishing but also payment systems and e-shops. From SMBs to large enterprises, financial phishers kept trying to infect businesses in the region last year.

Kaspersky in 2022 has blocked a total of 822,536 financial phishing targeted at companies in Southeast Asia (SEA). It’s usually built around an inherently simple scheme: using carefully crafted emails or notifications that mimic messages from banks, government organizations, entertainment platforms-really any service-cybercriminals can trick users into following a link to a fraudulent website and giving up their payment or personal details or even downloading malicious programs. Phishing is one of the most prevalent forms of cybercrime due to the minimal effort required and the fact that it really works.

Kaspersky business