HomeFinTechVishing Fraud Set to Surge by 79% by 2025: Insights from AIB

Vishing Fraud Set to Surge by 79% by 2025: Insights from AIB

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Understanding the Rising Threat of Voice-Phishing and How to Protect Yourself

Highlights:

  • Vishing fraud is projected to increase by 79% by 2025 according to AIB.
  • The rise in social engineering attacks highlights the need for improved consumer awareness.
  • Effective strategies for prevention include education, vigilance, and reporting suspicious activity.

As vishing fraud continues to rise, with an expected increase of 79% by 2025, both businesses and consumers must enhance their awareness and defensive measures. AIB emphasizes the importance of recognizing the tactics used by fraudsters and encourages individuals to stay informed about this growing trend. Implementing strategies such as education on scams and encouraging proactive reporting can mitigate risks. Staying vigilant against voice phishing is crucial in safeguarding personal and financial information.

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