Cybersecurity incidents cost organizations $1,197 per employee, per year



jasper-generated-PNG-2This statistic is alarming and underscores the importance of having a robust cybersecurity program in place. According to the Ponemon Institute, the average cost of a data breach is $3.8 million. This means that organizations need to do everything they can to protect their data and keep their networks secure.

Any business attempting to stay ahead of current cyber threats needs a comprehensive security operations center (SOC). To be prepared, an enterprise requires experienced professionals who utilize the best technologies available for identifying and resolving issues.

A new report from threat prevention provider Perception Point and research group Osterman Research indicates that businesses pay an average of $1,197 annually per employee in response to email service-, cloud collaboration app- or web browser-related incidents. 

According to recent research, the average 500-employee company spends a whopping $600,000 annually just to fix cybersecurity issues. And that doesn't include other potential business losses such as compliance fines or mitigation fees they might have to pay. With an upcoming recession in 2023, organizations are feeling immense pressure to save money and figure out their best security approaches.

“In terms of the potential risk and damages — prevention of attacks has a greater financial impact on the organization,” said Michael Calev, Perception Point’s VP of corporate development and strategy. 

Stopping spam and phishing emails not only saves SOC teams time and budget, but most importantly reduces the extremely expensive need for remediation and post-breach management. 

Full article at: https://venturebeat.com/security/cybersecurity-incidents-cost/


Live Demo: Identify and Respond to Email Threats Faster with PhishER

With only approximately 1 in 10 user-reported emails being verified as actually malicious, how do you not only handle the phishing attacks and threats—and just as importantly—effectively manage the other 90% of user-reported messages accurately and efficiently? PhishER.

phisher-01

To learn how, get a product demonstration of the new PhishER Security Orchestration, Automation and Response (SOAR) platform. In this live one-on-one demo we will show you how easy it is to identify and respond to email threats faster:

  • Automate prioritization of email messages by rules you set that categorize messages as Clean, Spam, or Threat
  • Augment your analysis and prioritization of messages with PhishML, a PhishER machine-learning module
  • Search, find, and remove email threats with PhishRIP, PhishER’s new email quarantine feature for Microsoft 365 and G Suite
  • NEW! Automatically flip active phishing attacks into safe simulated phishing campaigns with PhishFlip. You can even replace active phishing emails with safe look-alikes in your user’s inbox.
  • Easily integrate with KnowBe4's email add-in button, Phish Alert, or forwarding to a mailbox works too!

Watch Now!

PS: Don't like to click on redirected buttons? Cut & Paste this link in your browser:

https://info.knowbe4.com/phisher-request-a-demo

Subscribe To Our Blog


Ransomware Hostage Rescue Manual




Get the latest about social engineering

Subscribe to CyberheistNews