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Journal article | Research library
| 25/06/2018

No Phishing beyond This Point

Kristen Greene | Michelle Steves | Mary Theofanos

As phishing continues to evolve, what’s your organization doing to stay off the hook?
If your organization uses email, you have a phishing problem. Based on FBI data, Trend Micro predicts global losses from business email compromise (BEC) attacks will surpass $9 billion in 2018. According to Symantec, the average number of malicious emails sent to the typical user increased from 8 in January 2017 to 16 in December 2017. Phishing has turned a vital and pervasive means of communication—email—into a prime source of disruption for end users and organizations. In addition to revenue lost directly to malicious actors in BEC and ransomware attacks, significant economic impact also stems from phishing attacks that capture credentials and deliver malware leading to data loss and other security breaches.

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