LOS ALTOS, Calif.–(BUSINESS WIRE)–Bolster, a deep learning-powered, next generation fraud prevention company, today released its 2021 Annual State of Phishing and Online Fraud Report. The report highlights the key trends that drove digital scams using data gathered from analyzing more than one billion sites. Growth in online fraud campaign activity was unprecedented with an increase of 185% from what was observed in 2019.
“This report proves what many companies have witnessed up close and personal – the Internet is fraught with scammers”
Remote working, online distribution and digital sales channels created an explosion in digital business in 2020. As companies accelerated their digital transformation to adapt to the COVID-19 pandemic, online phishing and fraud activity exploded, averaging more than 19,000 new threats being created daily.
“COVID was not the only pandemic in 2020, and unfortunately, there is no vaccine for phishing…