Email security may not always be top of mind for marketing teams struggling to drive revenue. But it can affect them — and the entire organization.
And the problem is not going away, judging by Email Security Risk Report 2024, a study fromEgress.
Of the companies polled, 94% were victimized by phishing attacks within their Microsoft 365 environments in the last 12 months. That’s up from 92% in the previous year.
The damage from such attacks like those are as follows:
Financial loss from customer churn — 47%
Reputational damage — 42%
Financial loss from regulatory penalties — 34%
Lengthy remediation — 22%
Legal repercussions, including litigation — 14%
advertisement
advertisement
The top three attack types were:
The reason for the breaches?
And while 76% enforce internal information barriers, 51% have had them breached. Meanwhile, 51% have fallen victim to phishing attacks sent from compromised supply chain accounts.
Among cybersecurity leaders, 95% are stressed about email security, with these issues keeping them awake at night:
Of the victims, 58% suffered an account takeover.
Moreover, they have concerns about their traditional technology:
Among the respondents, 91% are concerned about the effectiveness of their training.
Egress surveyed 500 cybersecurity leaders, including CISOs and CIOs from the U.S., the U.K. and Australia, all of whom used Microsoft 365.