The CYREN CyberThreat Report for August 2016 has been released.
A recent Osterman Research survey conducted on behalf of Cyren found Phishing to be the top threat category for small- to medium- sized businesses (up to 3,000 employees). A staggering 43% of those businesses reported suffering a phishing breach in the last 12 months.
The reason for this dramatic rise is that phishing still continues to be a great way to make lots of money. Dealing proactively with security issues is simply too hard or too expensive for most organisations to deal with. It’s a decisions that is simply far to easy to put on the backburner in the hope that the problem will just go away. When there is a breach, which is almost a certainty, you simply look for someone else to blame. Unfortunatelly its in the DNA of most organisations to behaviour this way.
Cybercriminals realize this, and since the tools they need to pursue phishing attacks become less expensive over time, the opportunities are just too good to pass up. The Cybercriminals understand that obtaining sensitive, personal and financial information can then be resold on the black market or used directly for monetary gain.
In summary, its a win, win, win situation for Cybercriminals and Phishing is here to stay