Business View Magazine | August 2019

10 BUSINESS VIEW MAGAZINE AUGUST 2019 Phishing and ransomware are top concerns. • 43% of organizations have been the victim of a spear-phishing attack in the past 12 months. Breach costs and monetary losses are on the rise. • 78% of organizations said that the cost of email breaches is increasing. • 66% claimed that attacks have had a direct monetary cost on their organization in the past year. • Nearly a quarter of respondents advised that attacks have cost their organization $100,000 or more. Employees remain a major weak link in an organization’s security defenses. • More than three-quarters of organizations said their employees aren’t good at spotting suspicious emails. There are growing concerns about insider threats and Office 365. • 79% of IT professionals said they are worried about attacks and breaches stemming from inside the organization. • 92% of Office 365 users have security concerns Based on the success and proliferation of email- based attacks, IT security professionals will need to stay focused on the evolution and escalation of phishing, ransomware, and other threats and improve email security that goes beyond the traditional gateway. Employees remain a major weak link in an organization’s security defenses