Phishing is now the No. 1 delivery vehicle for ransomware and other malware. Even with all the phishing prevention solutions available for several years, it’s clear that phishing continues to pose serious risk for today’s businesses that face significant financial loss, exfiltration of data, compromised credentials, loss of productivity and damaged reputations. Consider the following facts:

  • 85 percent of organizations have suffered phishing attacks in the last 12 months.(Wombat Security’s 2016 State of the Phish report) The number and sophistication level of phishing attacks organizations experience has gone up. Two-thirds of the organizations in the study reported attacks that were targeted and personalized, up 22 percent from the year prior.
  • 30 percent of phishing emails get opened. (Verizon’s DBIR 2016) It’s a delivery tactic that works—zero day attacks are proven to defeat prevention systems—so there is no need for attackers to develop anything more sophisticated to scam money or information from their victims.
  • No. 1 delivery vehicle for malware is email attachments. (Verizon’s DBIR 2016) Despite email filtering and user education, well-disguised content influences the user to click and download.
  • $1.6 million is the average cost of a spear phishing attack. (Cloudmark) Companies hit by a successful spear phishing attack in the past 12 months suffered an average financial cost of $1.6 million. See More

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