Mimecast Global Research Finds Loss of Customers, Finances and Data Due to Rise in Impersonation Attacks
Social engineering attacks are a rising concern for organizations because they’re often one of the most difficult to control. Most notably, the report found that impersonation attacks increased almost 70 percent (67%) in comparison to the results in last year’s report – with 73 percent of those organizations impacted by impersonation attacks having experienced a direct loss, specifically loss of customers (28%), financial loss (29%) and data loss (40%). Phishing attacks were the most prominent type of cyberattack, with 94 percent of respondents having experienced phishing and spear phishing attacks in the previous 12 months, and 55 percent cited seeing an increase in phishing attacks over the same time period.
Not only are email-based attacks on the rise, but they’re affecting how confident people are in their organization’s cybersecurity defenses – and ultimately the ability to do their jobs. According to the report, 61 percent believe it is likely or inevitable their organization will suffer a negative business impact from an email-borne attack this year. The report also found that business-disrupting ransomware attacks are up 26 percent in comparison to last year. Forty-nine percent of respondents noted having downtime for two to three days, whereas 31 percent experienced downtime for four to five days.
“Email security systems are the frontline defense for most of attacks. Yet, just having and providing data on these attacks is not what creates value for most respondents,” said
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Source: Mimecast Limited