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Average company responds to 23053 phishing attacks a year - Mortgage Solutions

The average company spends almost six hours dealing with individual phishing attacks at a cost of 3.4m each year. However, the cost for not investigating phishing incidents is even higher, according to security firm Agari, at 6.3m for the average US firm.The 2018 Verizon Data Breach Incident Report indicates that phishing represents 93 per cent of all breaches investigated — with email as the main entry point in 96 per cent of cases.“Many organizations’ security operations teams report that their work around investigating suspected phishing emails is heavily repetitive and requires many meticulous steps, such as checking multiple blacklists and different IT systems within the company,” said analyst Anton Chuvakin from Gartner Research.The firm said training end users to identify and report phishing emails is challenging and time-consuming and an error-prone process for both end users and security operations.“Many businesses accumulate tens of thousands of user reported...(continued)
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