Tag: Mimecast

Strengthening Organizational Defences in the Age of Rising Email Threats

Mimecast Email Security

Strengthening Organizational Defenses in the Age of Rising Email Threats

Cybercrime is on a relentless rise, impacting all organizations everywhere. As detailed in the latest Mimecast State of Email and Collaboration Security (SOECS) Report 2024, email remains the leading attack vector for cybercriminals. In the past 12 months alone, businesses experienced a 95% increase in ransomware attacks, alongside escalating phishing and spoofing incidents.

The SOECS 2024 report emphasizes that while 96% of companies now have a formal cybersecurity strategy, most acknowledge their defenses are incomplete. Waiting to act increases exposure to risks such as ransomware demands, which have skyrocketed from an average of $212,000 in 2022 to $740,000 in 2023.

These trends signal an urgent need for businesses to bolster their cyber threat defenses.

Why Email Security Should Be Your #1 Priority

Email-based threats are becoming increasingly sophisticated, fueled by generative AI tools that help cybercriminals craft realistic phishing attempts – 1 Billion emails were exposed in 2023, affecting countless organizations and individuals.

Mimecast’s findings reveal that:

  • Human error accounts for 74% of cybersecurity incidents
  • 38% of organizations say email sophistication is their top challenge.
  • Over 500 million phishing attacks are now reported annually.

These stats say it all. They highlight the critical importance of adopting a robust email security strategy. Businesses relying solely on native security tools often face significant vulnerabilities, with 37% of respondents saying the tools fail to block malware effectively.

Human Risk: The Mammoth Cybersecurity Gap

While technological solutions are critical, human error remains a leading cause of breaches, accounting for 74% of cybersecurity incidents. Careless web browsing, oversharing on social media, and improper email usage are common issues. Yet only 15% of companies offer ongoing cybersecurity awareness training. This gap leaves organizations vulnerable and underscores the need for regular, adaptive training tailored to high-risk employees.

Collaboration Tools: A Double-Edged Sword

As hybrid and remote work models continue to expand, so does the attack surface presented by collaboration tools. Platforms like Zoom, Slack, and Google Workspace, though essential, pose new security risks. Seven out of 10 organizations report facing urgent threats from these tools, with many lacking sufficient safeguards.

Key Challenges Include:

  • Unvetted adoption of new tools by employees (59% of cases).
  • Overwhelmed IT departments struggling to manage tool usage (61% of respondents).
  • Inadequate native security measures (56%).

Cobweb MENA & Mimecast: Your Cyber Defense Partners

To navigate these challenges, proactive measures are essential. Cobweb MENA, in collaboration with Mimecast, offers expert guidance to assess your organization’s cybersecurity vulnerabilities and implement effective solutions. Together, we provide:

Comprehensive Risk Assessments: Identify potential weaknesses and tailor solutions to your specific needs.

  • Comprehensive Risk Assessments: Identify potential weaknesses and tailor solutions to your specific needs.
  • Advanced Security Tools: Strengthen defenses with layered security systems to counter phishing, ransomware, and spoofing.
  • Employee Training Programs: Equip your team with the knowledge to recognize and mitigate threats.

Plan Now:

Join us in March for an exclusive webinar featuring Mimecast experts. Learn how to tackle cybersecurity threats effectively and discover pathways to robust protection.

By partnering with Cobweb MENA, you can secure your systems, safeguard your reputation, and avoid the devastating financial and operational impacts of cyberattacks.

Together, let’s turn the tide against cybercrime and ensure we all thrive in secure digital future.