Memcyco Report Reveals Only 6% Of Brands Can Protect Their Customers From Digital Impersonation Fraud - DevOps.com
Briefly

More than half of all respondents stated their cybersecurity solutions do not effectively address website impersonation attacks, with only 6% claiming to have an effective solution.
Cybercriminals earned over $1 billion in 2023 through phishing-related attacks using fake websites, a significant increase from previous years.
72% of companies have a system to detect fake versions of their website, yet 66% rely on customers' reports for detection, while 37% get alerted through social media 'brand shaming.'
48% of surveyed companies expect upcoming regulations to enforce customer reimbursements, signaling a growing need for effective protection against digital impersonation fraud.
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