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What is phishing-as-a-service (PhaaS) and how to defend against it?

What is phishing-as-a-service (PhaaS) and how to defend against it?

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Source: Coin Telegraph

Phishing-as-a-service (PhaaS) makes it easy for cybercriminals to launch sophisticated attacks. Here’s how PhaaS targets crypto users and how to safeguard your assets.

Phishing is a prevalent hack that aims to trick people into disclosing private information, including credit card numbers, passwords and personal identities. 

A staggering 300,497 phishing cases were reported to the United States Federal Bureau of Investigation in 2022 alone. These attacks resulted in victims losing over $52 million. Usually, it entails sending phony emails that seem authentic, duping recipients into opening harmful links or requesting sensitive information. Phishing-as-a-service (PhaaS) is an alarming development in the world of cybercrime. 

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Author: Jagjit Singh