2026 Phishing Outlook: From Credential Theft to Network Intrusion

Identity-based phishing is now the dominant breach driver: incident response reporting indicates that 65% of all breaches in 2025 involved identity-related attacks, where more adversaries log in rather than exploit unpatched vulnerabilities. There is every reason to believe this trend will continue in 2026.

Credential phishing is also hard to stop, targeting human decision-making and familiar identity workflows using lookalike domains and impersonating brands and user interfaces to harvest credentials. Meanwhile, modern phishing kits make it simple for low-skilled threat actors to leverage attacker-in-the-middle (AiTM) and reverse proxy frameworks to capture credentials and session cookies, allowing low-skilled threat actors to bypass MFA.

In this report, you’ll learn about:

• Key phishing products, including ClickFix, FileFix, and Evilginx Phishlets
• Phishing Enabling Tools, such as Telegram bots to build phishing pages
• Phishing Pits, Phishing-as-a-Service
• Phishing related services and the recruitment of traffic providers, coders, and callers
• Our analysts’ forecast of key phishing trends for the year ahead.

Download our report 2026 Phishing Outlook: From Credential Theft to Network Intrusion to get our comprehensive analysis of the evolving phishing landscape in the cyber underground.