84% of businesses were hit with successful phishing attacks last year.
Cybercriminals continue to exploit the increased attack surface available as companies have rapidly transitioned to hybrid and fully remote working. This survey research gives insight into the experiences of 500 IT leaders from medium-to enterprise-size businesses with phishing over the past year.
According to IBM, BEC is the most expensive form of phishing attack for organizations, costing them an average of $5.01m per breach.
The FBI’s Internet Crime Report shows that BEC scams made over $1.8bn in 2020, which was more than any other type of cybercrime.