In episode 57 of the Acceleration Economy Minute, Kieron Allen highlights the 2022 mobile phishing report from Lookout, which is on our Top 10 list of Cybersecurity Enablers.
This episode of the Acceleration Economy Minute is sponsored by Acceleration Economy’s Digital CIO Summit, taking place April 4-6. Register for the free event here. Tune in to the event to hear from CIO practitioners discuss their modernization and growth strategies.
00:35 — Lookout today released its “Global State of Mobile Phishing” report based on data from over 210 million devices and 175 million applications. Kieron will be reviewing key findings and takeaways.
0:50 — The report indicates that in 2022, there was the highest percentage of mobile phishing encounter rates of all time — on average, over 30% of personal and enterprise users were exposed to phishing attacks every quarter. Over 50% of personal devices were exposed to a mobile phishing attack every quarter in 2022.
01:10 — The financial impact of phishing attacks can be quite serious. The potential annual financial impact to an organization of 5,000 plus employees is close to $4 million, the report states.
01:25 — Non-email-based phishing attacks are also on the rise. You may not have heard of these attack types, but Lookout reports a seven-fold increase in the second quarter of 2022 in other attack types, namely “vishing” or voice phishing, “smishing” or SMS phishing, and “quishing” or QR code phishing.
01:40 — Among several reasons why mobile phishing attacks have increased, the most significant is a shift from office space to remote and hybrid work models.
Which companies are the most important vendors in cybersecurity? Click here to see the Acceleration Economy Top 10 Cybersecurity Shortlist, as selected by our expert team of practitioner-analysts.