The growing danger from phishing-as-a-service

Phishing-as-a-Service: A new dimension of cybercrime

One of the driving forces behind this development is the concept of Phishing-as-a-Service (PhaaS). This is a model in which cybercriminals can purchase ready-made phishing kits or services on the black market to carry out targeted attacks. These kits are designed to bypass security barriers and deceive users in order to obtain sensitive data such as passwords or login details.

More worryingly, new advanced PhaaS kits could also aim to compromise multifactor authentication(MFA) credentials in the next twelve months. MFA is currently considered one of the most reliable measures for preventing unauthorised access. A successful attack on these protection mechanisms would put companies and users in an even more precarious position.

PhaaS: A growing proportion of cyber attacks

According to a recent analysis, PhaaS-based attacks currently account for around 30 per cent of cyberattacks aimed at data theft. This figure not only emphasises the increasing popularity of these services among cyber criminals, but also the danger they pose. The easy availability of PhaaS kits lowers the barriers to entry for attackers and ensures that even less experienced hackers can carry out complex and effective attacks.

Credential theft remains one of the biggest challenges in the cyber security world. The growing threat of phishing-as-a-service shows how important it is to act proactively and optimise security measures on an ongoing basis. Companies and individuals who react to these developments early on have the best chance of protecting their data, even in an increasingly complex threat landscape.