APAC scam-paign: Number of scam resources per brand soars by 211% in 2022 – Digital Risk Trends

Philippine Information Technology Organization July 26, 2023 No Comments
Headline scam and phishing data from Digital Risk Trends

Singapore, July 12 2023 — Group-IB, a global cybersecurity leader headquartered in Singapore, has today published Digital Risk Trends, a comprehensive analysis of the world’s two most common cyber threats: scams and phishing. The average number of scam resources created per brand, defined as the number of instances in which a brand’s image and logo was appropriated for use in scam campaigns, across all regions and industries more than doubled year-on-year in 2022, up 162%. In the Asia-Pacific (APAC) region, the rise was even more significant, with this number soaring by 211% compared to 2021. Additionally, the number of phishing websites detected by Group-IB’s Digital Risk Protection in 2022 was more than three times higher than in 2021. These findings build upon the 2022 Global State of Scams Report, published by the Global Anti Scam Alliance and ScamAdviser in collaboration with Group-IB, which revealed that scams caused over $55 billion in damages. The so-called scamdemic shows no signs of slowing down. (more…)

Mimecast opens office in Singapore to continue expansion in Southeast Asia

Philippine Information Technology Organization April 7, 2022 No Comments

The Philippines, 7 April 2022 – Email security and cyber resilience company Mimecast Limited (NASDAQ: MIME), has today announced it is continuing its expansion in the Asia Pacific (APAC) by establishing an office in Singapore as a regional hub for focus on South-East Asia. The company has appointed Stanley Hsu as its Regional Vice President, to help improve the cybersecurity posture of organizations and supply chains, in this expansion in the APAC region. For Mimecast, South-East Asia is a focused strategic growth market. Organizations in this region are experiencing a rapid digital transformation, and as cybercrime becomes a growing concern for governments and businesses alike, cybersecurity needs to be a core component in their transformation journeys.

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