Phishing efforts and ransomware remained a significant threat to organisations and individuals in Singapore in 2022, despite indicators that cyber hygiene is improving in the city-state, according to a new report from the country’s Cyber Security Agency (CSA).
In contrast to the 3,100 incidents handled in 2021, around 8,500 phishing attempts were reported to the Singapore Cyber Emergency Response Team (SingCert) last year, according to the Singapore Cyber Landscape (SCL) 2022.
Given its low cost and lax usage constraints, top-level domains ending in “.xyz” are favoured by threat actors in more than half of the recorded cases.
Banks and other financial institutions were the most frequently impersonated companies in phishing attacks. These businesses are frequent targets because they store sensitive and valuable data such as user names and login credentials.
According to the CSA, th
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