Phishing hurts everyone: Hackers don't target by size
summary
Phishing causes the big losses: a $100 million fraudulent wire at Facebook and over 3,000 public schools that emailed W‑2s to attackers, because attackers use cheap account registration and mass email plus simple web tricks to harvest credentials. Industry spends hundreds of millions and still fails because 95% of breaches are phishing and user training never needs to be perfect. The practical claim is to move defenses earlier—prevent credential capture rather than patch after compromise.
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