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Green Radar Published Email Threat Index (GRETI) Annual Report 2025: Phishing Threat Escalates to Critical Level in Asia

Hong Kong, August 14, 2025 — Green Radar (Hong Kong) Limited (“Green Radar” or “the Company”) has released the latest Green Radar Email Threat Index (“GRETI” or “the Index”), as part of the annual review since 2023. The latest edition reveals a concerning rise in email-borne cyber threats, with the GRETI score increasing slightly to 69.9, signaling a continued escalation in malicious email activities.

The 2025 report highlights that phishing attacks, a predominant vector for cybercrime, have escalated from a high-risk to a Critical risk classification. Asia’s prominent financial and technological centers, notably Hong Kong and Singapore, have emerged as key targets for sophisticated, AI-enabled, multi-channel phishing campaigns. These advanced attacks employ increasingly complex tactics that challenge conventional detection systems and user awareness.

Key Highlights of the GRETI 2025 Report Include:

  • Advanced AI-Driven Phishing: Cyber adversaries utilize artificial intelligence to generate highly localized, industry-specific phishing emails that mirror cultural nuances and business contexts, significantly reducing detection efficacy.
  • Hybrid Attack Modalities: The integration of AI-generated voice calls (“vishing”) alongside email phishing amplifies the credibility and success rate of such scams.
  • Exploitation of Trusted Digital Platforms: Attackers increasingly manipulate legitimate regional cloud services and e-government systems—such as Singpass and the Faster Payment System—to circumvent security mechanisms.
  • Increasing “Quishing” Incidents: Phishing via QR codes has surged, with malicious actors obscuring fraudulent URLs behind trusted domains and URL shorteners, directing victims to deceptive authentication portals.
  • Primary Spoofing Targets: Leading financial institutions including HSBC and DBS, as well as logistics firms like SF Express, continue to be the top impersonation targets.
  • Escalating Threat Landscape: The GRETI risk index emphasizes heightened vigilance and the urgent adoption of adaptive cybersecurity measures to counter these evolving threats.

For more email threat updates, please click to download 2025 GERTI Annual Report:

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