How much do phishing attacks cost?

How much do phishing attacks cost?

This Year, Phishing Causes Losses of $17,700 per minute And Ransomware Attacks Will Cost $22,184 Per Minute. Global losses to cybercrime total $1.5 trillion per year, which amounts to $2.9 million per minute, a new report by RiskIQ shows. Some of the largest companies are losing $25 each minute due to security breaches ...

How much do hackers cost?

They're smaller and they earn less — so they have less. While the average cost of a cyberattack on a small business hovers around $8700, that's still a lot of money when you have a small staff.

What is Infosec IQ?

Secure your organization. ... Infosec IQ provides personalized security awareness and anti-phishing training to help you engage every employee, keep education relevant and deliver training automatically to those who need it most.

Which country has the highest email phishing rate?

This statistic gives information on the countries with the most frequent occurrence of phishing attacks worldwide in the third quarter of 2020. During this period of time, Mongolia was ranked first with a 15.54 percent phishing attack rate among online users.

What are common phishing attacks?

1. Email phishing. Also called “deception phishing,” email phishing is one of the most well-known attack types. Malicious actors send emails to users impersonating a known brand, leverage social engineering tactics to create a heightened sense of immediacy and then lead people to click on a link or download an asset.

What is the cost of phishing attacks?

• Being the victim of a spear phishing attack can be costly too. As cited in a 2017 report, the average cost of a phishing attack costs a mid-size company $1.6 million.

What is the success rate of phishing?

• One very important phishing statistic is the very low success rate. This is vital to understanding the way that phishing works. Phishing has an estimated success rate of 0.000564%.

What is the average cost of a cyber attack?

• As cyber attacks have grown, they created damage in diverse areas. The average cost of a cyber attack is 4 million dollars. But, not all attacks are in a range of 2 to 5 million dollars.

What are the steps to phishing?

• Here are the basic steps using phishing. Clone a well known site such as Facebook, Twitter, or any site you might like. Basically clone the login page so that you get the password directly. Find a victim and send him the link of the cloned site asking him to login. It depends on your creativity how you do that.