Published: September 15, 2020 on our newsletter Security Fraud News & Alerts Newsletter.
Most would agree that technology is an awesome tool. However, the cat and mouse game between the good guys who secure it and the bad guys who exploit it has been going on for decades. The past few years alone have shown significant spikes in hacking despite efforts to curtail it. But as technology rolls on and hackers get more effective at cybercrime, the cybersecurity community is closely on their trails. Bad actors continually seek to refine and improve what’s worked for them all along. That leaves security experts with the task of adapting and modifying the way they respond to protect business and everyday users alike from improved hacking technology. For an idea of what cybersecurity professionals face daily, here are just a few of the statistics they respond to:
There’s an online attack every 39 seconds on average.
Data breaches cost enterprise an average of $3.92 million.
Email phishing delivers 94% of malware.
Phishing attacks are responsible for more than 80% of reported security incidents and cost victims a total of $17,700 per minute, overall.
60% of breaches involved a vulnerability where security patches were available, but the patches were not applied.
Hackers create 300,000 new pieces of malware every day.
Enterprise needs to address the security loopholes that enable business email compromise, data breaches, identity theft, fraud, and more. Some cybersecurity providers have a “whole approach” of defense catered to a specific business and their unique security challenges.
At the base of helping every enterprise combat hacking is the vital importance of cyber-educated employees. With email phishing responsible for delivering so much malware, every company needs to view their employees as being the first line of defense against cybercrime. Ongoing employee education keeps staff informed and up-to-date with the latest email security threat tactics. There are many options for providing this, but keeping it continual throughout the year is the best way to keep the defenses fresh on their minds.
Email phishing may start with employees as targets, but a well-informed staff are also the way to prevent it from going any further.
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