In recent years, phishing attacks have become increasingly prevalent and sophisticated, posing a significant risk to individuals and organizations alike. In fact, 92% of organizations fell victim to successful phishing attacks in the last 12 months. As cybercriminals continue to exploit human vulnerabilities through social engineering, the impact on employee stress levels is a growing concern that cannot be ignored.

Phishing attacks have been the most persistent and widespread form of cybercrime for decades, but cybercriminals' tactics and methods are continually evolving. In the past, attacks were simpler and easier to spot. However, as technology has advanced, and more people go online, cybercriminals have become more sophisticated in their methods, making their attacks harder to detect.

Ahead of US Tax Day on April 18, 2023, attackers are taking the opportunity to send finance-related phishing attacks. There has been a 164% increase in tax-related phishing emails since February 2023 and a 32% increase versus 2022 levels. Typically in these attacks, cybercriminals attempt to convince victims that they have a tax refund available or have underpaid their taxes, when in reality, the email contains a malicious link or attachment.