With an ROI of 42:1, the most profitable communication channel vital to any business is email.
However, this communication thread continues to be the most popular target for cybercriminals. As such, businesses must enforce better email security measures and keep improving their cyber resilience strategy. But, how?
The 2020 State of Email Security (SOES) Report will provide organisations with helpful insights on how email attacks impact businesses at every level. The report will also share insights on how the COVID-19 pandemic has changed the email security landscape in 2020. Let’s take a look some key stats –
a) 58% of businesses have witnessed a spike in phishing attacks;
b) 85% of organisations believe their business’s volume of web and email spoofing will either remain the same or increase in the coming year;
c) 51% of businesses have been impacted by ransomware in the past 12 months;
d) 60% of companies believe it’s inevitable or highly likely they’ll suffer from an email-borne attack in the coming year;
e) 77% of participants in the report state they have or are actively implementing a cyber resilience strategy;
f) there was a 30% increase in impersonation fraud in the first 100 days of COVID-19; and
g) 40% of businesses do not have a monitoring and protection system in place to fend off email-borne attacks.
For a more in-depth look at how phishing, business email compromise (BEC), ransomware and internal email threats impact businesses, as well as, cyber threat actors’ latest strategies, click here for the full report.
Do you know how to prevent your emails from being spoofed? Learn how to authenticate your outbound email with SPF, DKIM, DMARC and the BIMI methods here.