60% of Organizations Believe to Likely Suffer Email Borne Attacks

Email Borne AttacksA survey from email and data security firm Mimecast revealed that nearly 60% of organizations believe that they will likely suffer from an email-borne attack in the coming year. And 77% of respondents stated that they are introducing a cyber resilience strategy, with 31% of respondents citing data loss; 31% of them stated a decrease in employee productivity, and 29% reported business downtime due to lack of cyber resilience preparedness.

According to the report, “State of Email Security 2020 Report,” domain-spoofing and email-spoofing have become mainstream attack vectors, and 49% reported that they are expecting an increase in web or email spoofing and brand exploitation in the next 12 months. While 84% of respondents feel concerned about an email domain, web domain, brand exploitation, or site spoofing attack.

Old Threats Continue to be a Major Concern

The study also stated that impersonation attacks, phishing attempts, and ransomware continue to be major security concerns, and 72% of respondents reported phishing attacks remained flat or increased in the last 12 months; 74% reported the same about impersonation attacks. “Ransomware also continues to wreak havoc, as just over half of respondents (51%) said ransomware attacks impacted their organization, citing data loss, downtime, financial loss and loss of reputation or trust among customers,” the report said.

Source : 60% of Organizations Believe to Likely Suffer Email Borne Attacks