Phishing attacks increase by half, report

Mimecast second annual State of Email security report reveals double digit growth in impersonation attacks

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Phishing attacks increase by half, report This research demonstrates the need for organisations to adopt a cyber resilience strategy that goes beyond a defence-only, said Bauer.
By  David Ndichu Published  July 25, 2018

Half of all businesses have seen the volume of phishing attacks increase over the last twelve months, according to the latest State of Email Security report by Mimecast. 40% of saw the volume of impersonation attacks rise, the report adds.

Despite repeated calls to make cybersecurity a C-level priority, many organisations are not taking heed. According to the report, 20% of respondents said their C-level executives sent sensitive data in response to a phishing attack, and 49% admitted that their management and finance teams aren’t knowledgeable enough to identify and stop an impersonation attempt.

“Email-based attacks are constantly evolving and this research demonstrates the need for organisations to adopt a cyber resilience strategy that goes beyond a defence-only approach. This is more than just an ‘IT problem,’ said Peter Bauer, chief executive officer of Mimecast. “It requires an organisation-wide effort that brings together many stakeholders, puts the right security solutions in place and empowers employees – from the C-suite to the reception desk -- to be the last line of defence.”

Mimecast conducted the research with Vanson Bourne on the state of organisations’ cybersecurity, their expectations and needs and what attacks they’ve seen increase. Findings within the report are based on responses received from 800 IT decision makers and C-level executives globally and reveals attitudes, behaviours, confidence and preparedness levels of security professionals – and the C-suite – when it comes to dealing with these threats.

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