60% of organisations will suffer email-borne attack reveals email security report 2020
Are you ring-fenced?
A new report from IT security experts Mimecast reveals email is still the most popular cyber-attack vector with 66% of respondents in the UAE predicting web or email spoofing will sustain or grow in the coming year. Almost two thirds (60%) of organisations believe it’s inevitable or likely they will suffer from an email-borne attack in the coming year
The report says the attacks are via organizations’ email perimeters, from internal gateways through compromised accounts, vulnerable insiders, and social engineering, or from external perimeters such as the domains they own and their brands via impersonation.
The pandemic effect:
And the COVID-19 shutdowns exacerbated the situation with cybercriminals testing new tactics, techniques, and procedures looking to overcome and exploit increasingly sophisticated and complicated technology and exploit massively unprotected home technology environments.
Cause for concern:
UAE respondents delivered a concerning environment. The report showed that within the Emirates over the last year:
- 66% of respondents were impacted by ransomware attacks in the past 12 months.
- 58% saw phishing attacks increase.
- 54% say they experienced data loss.
- 58% experienced an increase in impersonation fraud.
- 86% experienced downtime from an attack.
- 74% were hit by an attack spread from an infected user to other employees
Respondents admitted they could have done more to prevent the impact of owning up to:
- Lack of cyber resilience preparedness
- Weak passwords posing security risks
- Lack of provision of frequent awareness training
The harsh realities:
Of the UAE organisations who fell victim to an email-borne attack experienced:
- 54% of data loss 40% of employee productivity impact
- 24% business interruption/downtime
The good news:
On average 6 out of 10 UAE organisations who responded reported having a security system to protect internal and outbound emails.
80% have a cyber resilience strategy or are actively rolling one out.
And the not so good news:
- 36% don't monitor or protect against email-borne attacks/data leaks in internal emails.
- 28% do not monitor or protect against email-borne attacks like malware and malicious links in the outbound email.
- 38% don't monitor or protect against outbound email data leaks or exfiltration.
- 30% don’t have automated detection and removal of malicious or unwanted emails landing in employees’ inboxes.
Which category are you in?
Cybercriminals are becoming ever more inventive and email is their prime gateway to success. Are you among the prepared or the at-risk?
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