According to DBIR, in 2020, 22% of the data breaches involved phishing attacks. Phishing attacks are one of the oldest and most loved tricks of cybercriminals to manipulate humans with the illusion of reliability to gain access or execute malicious activities for their privileges on the target.

From smart homes that enable you to control your thermostat from a distance to sensors on oil rigs that help predict maintenance to autonomous vehicles to GPS sensors implanted in the horns of endangered black rhinos, the internet of things is all around you. The internet of things (IoT) describes the network of interconnected devices embedded with sensors, software, or other technology that exchange data with other devices and systems over the Internet.

The FBI is reminding organisations of the serious threat posed by business email compromise (BEC) scams, declaring that it caused over $1.8 billion worth of losses to businesses last year. The newly-published annual cybercrime report from the FBI’s Internet Crime Complaint Center (IC3) reveals that it had received a record number of complaints and claims of financial loss – with internet crime causing more than $4 billion in losses.