Cybersecurity provider Kaspersky Lab said that data voluntarily provided by their customers showed that seven in 10 phishing attempts targeted finance-related transactions in the Philippines from February to April this year.
CYBERSECURITY provider Kaspersky Lab said that data voluntarily provided by their customers showed that seven in 10 phishing attempts targeted finance-related transactions in the Philippines from February to April this year.
Statistics from Kaspersky Security Network revealed that phishing attempts in the Philippines is higher than in Indonesia , Singapore , Thailand , Malaysia and Vietnam . “Alongside the increased adoption in digital transactions here in Southeast Asia, we also see the rise of ‘super apps’ in the region,” Kaspersky General Manager for Southeast Asia Yeo Siang Tiong was quoted in a statement as saying. “These are the mobile applications that combine all popular monetary functions including e-banking, mobile wallets, online shopping, insurance, travel bookings and even investments.
A possible scenario is given that one app has all the financial details of a user, a simple phishing link asking for the user’s credentials can compromise all the data available in the app. This magnifies the possible damaging effects of this threat.
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