Yubico, a leader in authentication solutions, recently released key statistics emphasizing the rise of cyber threats, particularly phishing attacks, and the importance of enhanced cybersecurity measures. According to their latest data, there has been a 1,265% increase in malicious phishing emails and a 967% surge in credential phishing from Q4 2022 to Q4 2023, largely attributed to the use of AI by cybercriminals.
A staggering 58% of organizations reported experiencing account takeovers in 2023, with 79% of those breaches traced back to phishing-compromised credentials. Despite the widespread use of multi-factor authentication (MFA), 83% of companies impacted by phishing attacks had some form of MFA in place, which attackers successfully bypassed.
Yubico advocates for stronger authentication methods, such as hardware-based security keys, to combat these growing threats. Their YubiKey product line offers a robust defense against phishing, ensuring safer online experiences and protecting user credentials against unauthorized access.
As cybercriminals evolve, organizations must prioritize advanced security solutions to protect against the increasing sophistication of attacks.
For more information on the YubiKey and how it can benefit you, visit MetaOne’s official website or reach our customer support team at sales@metaone.com.my or 6016-438 9817 to place your order today!
