70% companies face financial losses by not reporting spear phishing

About 70 percent of companies that believe their organization
have been a victim of a spear phishing attack are unsure that such attacks are
reported to I.T. and dealt with appropriately, according to SpamTitan.

The lack of proactive measures to deal with the attacks
can cost companies financially through the loss of data and system downtime.
Spear phishing is a growing issue where a targeted false email that appears to
be legitimate is sent to individuals or a company in order to access data.

The poll was distributed to SpamTitan customers who were asked if their company has ever
experienced a spear phishing attack and if said attack had been reported to
their IT department for treatment. Only 32 percent of those who responded
believed their organisation had been exposed to a spear phishing attack but of
those 70 percent were unsure whether the incident had been reported to their IT
department to deal with.


These findings highlight the importance of a company
security policy and the importance of communicating this policy effectively so
that all employees know how to deal with the myriad of security issues they are
regularly faced with.

Most people are now aware of various prevalent banking
phishing scams or similar, spear phishing is another advanced attempt at a
breach of security that appears legitimate and should therefore be highlighted
even more as it is a much more sophisticated form of phishing,” said Ronan
Kavanagh, CEO, SpamTitan.com.

Educating employees around a range of security issues is
an important step that many companies ignore. Yes, robust, powerful and updated
security solutions are crucial but this doesn’t mean that companies can afford
to ignore the ‘softer’ behavioural issues associated with security. It only
takes one employee to open the wrong email to give access to sensitive company
data bring a whole company’s IT systems to a halt,” Kavanagh added.

By Telecomlead.com Team
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