According to a new report published by email security and threat detection company Vade, 562.4 million emails were detected in Q1 2023, an increase of 284.8 million emails from the previous quarter and a 102% increase from the previous quarter.
The report that the number of malicious emails was 52.3 million, down 7% sequentially and 13% year-over-year.
In the report, Vade said a new phishing campaign was detected in March of this year that combined multiple sophisticated techniques to steal victims’ cryptocurrency wallets.
The campaign uses Google Translate to bypass detection by email security tools, uses JavaScript and CSS to obfuscate phishing pages, and uses the Interplanetary File System (IPFS) decentralized network to host phishing kits.
