Phishing Scams Are Proliferating

There's an 'unprecedented proliferation' of coronavirus scams - Los Angeles  Times

Phishing scams continue to grow. Phishing is about sending emails that pretend to be from respectful companies so individuals will trust them and reveal their sensitive information to the senders. Let’s dig deeper into the topic and see how Best Payment Providers can help you protect your transactions. 

Phishing Scams

Phishing attackers use social engineering in the emails and messages they send to their victims. These emails and messages aim to persuade people to send their personal information, including passwords or financial information. Also, phishing attackers aim to make people download malware or complete a wire transfer. Increasingly, this type of fraud is getting more sophisticated.

As of 31st May 2021, the suspicious email reporting service (SERS) received more than 6,100,000 reports with the removal of more than 45,000 scams and 90,000 URLs.  

The UK is opening a digital-advertising rule review. The government will make major tech companies take steps to prevent fraudulent and misleading commercials on the internet. The UK represents the fourth biggest advertising market in the world, as the government reports. 

Fighting Phishing Attacks: Best Payment Providers

Based on Verizon’s 2020 Data Breach Investigation Report, phishing represents one of the biggest threats when it comes to data breaches. 22% of data breaches were associated with phishing. The 2021 report showed that social engineering attacks prevailed among others, so phishing was still on the top of the list, making up about 30% of attacks.

To fight the growing threat caused by phishing attacks, you need to work with a secure merchant- services provider. To find one, turn to a reputable payment-services comparison specialist like Best Payment Providers in the UK. Make sure the payment expert is focused on the terms, complaints, and integration offered by merchant-services providers. 

Also, find out whether the comparison specialist reviews contracts, rates, and fees so you can be sure to get the best deal. By checking every nook and cranny, the comparison company will keep you away from overpaying because of misleading terminology, hidden costs, and deceptive sales tactics and provide you with the most honest snapshot of the merchant-services provider at the time of writing.

Phishing Scams Are on the Rise

Phishing is a growing threat. It’s getting more widespread every year. To fight phishing attackers, you should use cutting-edge fraud prevention techniques. For this, turn to a respectful merchant-services comparison specialist. 

Author Bio: Payment industry guru Taylor Cole is a passionate payments expert who understands the complex world of the best payment providers. He also writes non-fiction, on subjects ranging from personal finance to stocks to cryptopay. He enjoys eating pie with ice-cream on his backyard porch, as should all right-thinking people.