Phishing is the #1 Cybersecurity Threat Facing Networks Today!
95% of corporate network attacks and data breaches are the result of a successful phishing attack.
Regardless of business size or prepared network defenses—it only requires a single errant click by one user to compromise sensitive data and infrastructure. According to IBM, the global average cost of a data breach now exceeds $3.86 million (USD). Even midsize companies incur an average of $1.6 million (USD) in damages for remediation efforts. A 2018 FBI report estimated that losses caused by Business Email Compromise (BEC) between 2013 and 2018 exceeded $12.5 billion (USD).
Phishing attacks and social engineering strategies are growing more sophisticated. Trends like the adoption of HTTPS encryption—which over 50% of fraudulent sites now use—have increased the effectiveness of today’s phishing threats. The emergence of new threats is likely to accelerate in coming years with the rapid adoption and convergence of IoT and 5G technologies.