Mimecast research finds 75% increase in impersonation attacks
Third annual State of Email Security Report reveals sharp increase in targeted attacks
UAE impersonation attacks increased by 75% in 2018, Mimecast third Annual State of Email Security report has revealed.
The study also found out that 77% of those organisations impacted by impersonation attacks experienced a direct loss, specifically loss of customers (23%), financial loss (21%) and data loss (40%).
Phishing attacks were the most prominent type of cyberattack, with 94 % of respondents having experienced phishing and spear phishing attacks in the previous 12 months, and 75 % cited seeing an increase in phishing attacks over the same time period.
Not only are email-based attacks on the rise, but they’re affecting how confident people are in their organisation’s cybersecurity defences – and ultimately the ability to do their jobs. According to the report, 39% believe it is likely or inevitable their organisation will suffer a negative business impact from an email-borne attack this year. The report also found that almost a third (62%) encountered a ransomware attack that directly impacted business operations. 58% of UAE respondents noted having downtime for two to three days, whereas 29% experienced downtime for four to five days.
“Email security systems are the frontline defence for most of attacks. Yet, just having and providing data on these attacks is not what creates value for most respondents,” said Josh Douglas, vice president of threat intelligence at Mimecast.
“The Mimecast Threat Analysis Centre was also able to identify the top five industries being impacted by impersonation attacks which closely aligned with the findings in the report. Financial, Manufacturing, Professional Services, Science/Technology as well as Transportation Industries are top targets globally. Understanding these key pain points helps organisations build a more comprehensive cyber resilience plan,” Douglas added.