Too Long; Didn't Read
In Q2 2022 alone, phishing attacks within the Web3 arena have surged by a whopping 170% compared to the previous quarter. Between April and June of this year, a total of 290 phishing campaigns were identified, which is substantially higher than the 106 attacks that took place just a few months earlier. Phishing attacks are designed to psychologically manipulate users, especially individuals who are not well-versed in today’s pervading cybersecurity trends. Over the first half of 2022, various hacks and exploits compromised over $2B. This figure is already more than the total volume of funds lost during all of 2021.