Phishing attacks spiked as employers across the U.S. shifted to a remote work environment during the pandemic. These kinds of cyber risks cause hundreds of millions of dollars in losses each year.

Phishing plays a part in a wide range of cyberattacks including ransomware, data breaches and business email compromise (BEC) fraud. Even when phishing is not the leading cause of an attack, it’s often used by cybercriminals in preparation of the actual attack.