96% of Organizations Faced Phishing Attempts in the Past Year, New Survey Reveals

Phishing attacks are a perpetual threat to the cybersecurity of organizations, and efforts to mitigate them have been largely unsuccessful. A recent study conducted by Mimecast which surveyed over 1,400 organizations revealed that 96% of them suffered some kind of phishing attack attempt in the past year. There is also a direct correlation between an increase in overall email volume and the number of threats that organizations are receiving via email.

79% of the organizations that responded to this survey said that their email volume has increased this past year, and 72% also said that the number of email based cyberattacks have gone up as well. Over half of these organizations, or 52% to be precise, felt that these attacks were becoming increasingly advanced which is concerning because of the fact that this is the sort of thing that could potentially end up leaving them incapable of fending these attacks off.

With all of that having been said and now out of the way, it is important to note that around 23% of organizations were also negatively impacted by ransomware. 40% of the organizations that were faced with a ransomware attack have failed to recover from them, which reveals the long term damage that such attacks can cause.

Such a huge increase in attacks and their severity should result in a lot more funding for cybersecurity training, but in spite of the fact that this is the case only 23% of surveyed companies said that they provide consistent security awareness training to their employees. Also, only about 14% of IT budgets are being invested into beefing up cybersecurity with all things having been considered and taken into account.

95% of these organizations said that lack of funding is an issue, so it stands to reason that these organizations have the power to defend themselves in their hands but they aren’t using these methods for some reason. A major shift needs to occur, since companies are failing to take the cyber threats of today as seriously as they should. These trends will get worse if they don’t.

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