A new report released today by phishing detection and response solutions company Cofense Inc. details a staggering rise in credential phishing volume in the first quarter and an overall increase in active threats. In the first quarter, Cofense detected a 527% increase in credential phishing volume from the previous quarter, a shift described as “volatile.” The volume increase year-over-year was more moderate, though still a significant 40% increase from the first quarter of 2022.

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