Today: November 19, 2017, 3:19 pm
  
Business

75% of UK IT Professionals Hit with Email-Based Security Incident, PhishMe Phishing Trend Report Reveals

PR-Inside.com: 2017-09-13 12:04:02

Findings show that despite being flooded by suspicious emails, lack of integration between security solutions is biggest anti-phishing challenge

75% of UK IT Professionals Hit with Email-Based Security Incident, PhishMe Phishing Trend Report Reveals

PhishMe
Nick Lagalante
Global Corporate Communications
E: nick.lagalante@phishme.com
P: +1-703-652-0717 x1246

Today PhishMe®, the leading provider of human phishing defence solutions, released the results of its UK Phishing Response Trends Report, which looked at the phishing response strategies of IT security decision-makers across a variety of industries in the United Kingdom.

The report reveals that UK businesses are being flooded with suspicious emails targeting employees, with 75% of professionals surveyed claiming to have dealt with a security incident originating from a deceptive email. Despite significant investments in perimeter security technology to combat the problem, 48% of the same respondents feel their phishing response strategies range from “not effective” to just “somewhat effective.”

According to the Ponemon Institute, the average cost of a data breach for UK businesses is £2.48 million1 with attacks affecting many thousands of customers. The time it takes to identify and contain a breach is critical. The faster a breach is identified and contained, the lower the cost. However, sometimes an organisation’s established security can get in the way with 50% of survey respondents naming the lack of integration among their security solutions as the biggest anti-phishing challenge. Those solutions rely mostly on technology, not human assets, underscoring that technology by itself isn’t the answer to phishing.

The report has been compiled in conjunction with PhishMe’s continued expansion in the UK and follows its membership in the London Digital [..], a London Mayor-backed nationwide cybersecurity initiative. Key UK findings from the report include:

  • The number one security worry for IT professionals is email-related threats
  • Nearly a quarter of respondents see more than 500 suspicious emails weekly
  • Over 75% of surveyed IT professionals have dealt with a security incident originating from a deceptive email
  • Almost all respondents have at least one and, in most cases, many more than four different security solutions in place to help combat email and phishing threats
  • That said, nearly half of respondents named lack of integration among their security solutions as their biggest anti-phishing challenge
  • 48% of respondents say their phishing response strategies ranged from “totally ineffective” to “somewhat ineffective”
  • 96% of surveyed IT professionals plan to upgrade their phishing response and prevention

“Email-related security threats remain the number one concern for IT professionals. It’s clear that technology alone hasn’t and will not solve the problem with the human at its very root,” explained Rohyt Belani, co-founder and CEO of PhishMe. “Human-assisted technologies that stack up grey matter against hackers and leverage technology to scale and speed up processing are the best bet in defeating phishing attacks. Businesses need conditioned, vigilant employees to recognise email-related threats and report them in a timely manner to their security operations centres. Our goal at PhishMe is to help those security operations teams to rapidly triage this barrage of employee-reported emails and operationalize the blocking of malicious ones via automation and orchestration.”

The full report is available for download here: https://phishme.com/phishing-response-trends-uk

To learn more about PhishMe’s phishing incident solutions, please visit: www.phishme.com

Survey Methodology

This study was commissioned by PhishMe and delivered by Censuswide. The study surveyed select UK IT executives on phishing response strategies. One hundred executives participated, largely senior decision-makers. The surveyed companies represented firms in a wide variety of industries: business services, high tech, manufacturing, healthcare, financial, retail trade, wholesale trade, transportation, consumer services, telecom and general. One hundred percent of respondents participated voluntarily; none were engaged using telemarketing.

About PhishMe

PhishMe is the leading provider of human-focused phishing defence solutions for organisations concerned about their susceptibility to today’s top attack vector — spear phishing. PhishMe’s intelligence-driven platform turns employees into an active line of defence by enabling them to identify, report and mitigate spear phishing, malware and drive-by threats. Our open approach ensures that PhishMe integrates easily into the security technology stack, demonstrating measurable results to help inform an organisation’s security decision-making process. PhishMe’s customers include the defence industrial base, energy, financial services, healthcare and manufacturing industries, as well as other Global 1000 entities that understand how changing user security behaviour will improve security, aid incident response and reduce the risk of compromise.

1 Source: Ponemon Institute’s 2017 Cost of [..]

Press Information


Published by
Hossam Abdel-Kader
+43 1 9582319
e-mail
www.pr-inside.com/



# 1037 Words
Related Articles
More From The Author
First Eagle Investment Management Opens London Office
First Eagle Investment Management, LLC, is pleased to announce the opening of a London office, which will serve institutional clients [..]
Talvivaara will publish the Interim Report and [..]
Stock Exchange Release Talvivaara Mining Company Plc 13 September 2017 Talvivaara will publish the Interim Report and Interim Financial [..]
Atos enhances its Digital Workplace portfolio with [..]
Paris, VMworld® 2017 Europe, Barcelona, 13th September 2017 - Atos, a global leader in digital transformation, today announces the [..]
Kalmar's new Rail Mounted Gantry Crane offers [..]
CARGOTEC CORPORATION, PRESS RELEASE, 13 SEPTEMBER 2017 AT 11.30 (EEST)Kalmar, part of Cargotec, is proud to introduce Kalmar Rail [..]
Kalmar introduces Kalmar Key - the industry's [..]
CARGOTEC CORPORATION, PRESS RELEASE, 13 SEPTEMBER 2017 AT 11.15 (EEST) Kalmar, part of Cargotec, introduces Kalmar Key, an [..]
 
More From Business
JCB Special Offer at Changi's Mystical Garden [..]
SINGAPORE, Nov 17, 2017 - (ACN Newswire) - Changi Airport has teamed up with Sanrio, creators of characters beloved around [..]
Destination EU2018: Lithuania and Singapore Forge New [..]
SINGAPORE / VILNIUS, Nov 15, 2017 - (ACN Newswire) - Invest Lithuania and Singapore FinTech Association today signed a landmark [..]
Hong Leong Finance Chooses Kamakura's Risk Management [..]
Asset and Liability Management, Fund Transfer Pricing, and Liquidity Management SINGAPORE, Nov 14, 2017 - (ACN Newswire) - [..]
Tenant Direct- Letting Agents Southampton
Tenant Direct- Letting Agents Southampton Looking for the help of letting agents in Southampton? When it comes to finding a [..]
Book Theory Test Today - Are you [..]
Book Theory Test Today - Are you looking to book a driving test NI? The time has come for you [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.