Phishing could have cost businesses $354m in potential direct losses
Area 1 Security published the results of “It Started Out With A Phish,” a new study analyzing over 31 million threats across multiple organizations and industries, with new findings and warnings issued by technical experts that every organization should be aware of.
A key aspect to preventing attacks is having a deep understanding of cyber actor patterns and continuously monitoring and deconstructing campaigns to anticipate future ones. Phishing can be a profitable business model, and most breaches begin with a phishing email. What appears to be an innocent email from a trusted vendor or internal department can lead to firm-wide shutdowns, loss of crucial data, and millions in financial costs.