87% Increase in Social Engineering Scams During the First Quarter of 2021 Compared to Q1 2020

There was an 87% increase in social engineering scams during the first quarter of 2021 compared to Q1 2020, according to Ayelet Biger-Levin from BioCatch. In an article for The Paypers, Biger-Levin explains that three-quarters of successful scams involved the attacker using information about the victim in order to lend credibility to the scheme.
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