Which phishing statistic is scarier? That 94% of organizations say they were hit with a phishing attack in 2018 or that the attacks themselves may be underreported, even when it’s required by law?
How about 42% of public sector organizations had been hit with a disruptive ransomware attack in the last month? LAST MONTH!
What about the cost of these attacks? The city of Baltimore, which was hit with a ransomware attack but refused to pay the $80,000 ransom, has spent $18 million trying to recover. And it’s not just money.
According to an article on the Dark Reading website, “Nearly 40% of respondents say they experienced data loss as a result of email-based impersonation attacks, 29% reported direct financial loss, 28% lost customers, and 27% admitted some employees lost their jobs.” Yes, it can cost you your job.
Is this problem go away? Nope. Cyberattacks are on the rise. In fact, more than 50% of organizations reported seeing the volume of phishing attacks increase over the last twelve months. And we know from research that phishing emails are responsible for about 91 percent of cyber-attacks.
The headlines are everywhere. The chances of it happening are high and the impact is enormous. And yet, successful attacks continue. Why?
There’s only one possible explanation: phishing fatigue (phatigue?). People are weary from the headlines and the warnings and the awareness training and have just tuned it all out.
How else can you explain so many successful phishing attacks when phishing prevention technology is ubiquitous, inexpensive and relatively easy to deploy? Why do so many companies fall victim before they start investigating prevention solutions?
Don’t be most companies. Phish Protection offers fast, easy to deploy, cloud-based email security with Advanced Threat Defense. You can protect your employees for as little as 30₵ per day. Do you think the city of Baltimore wishes now they had paid that?