75% of CISOs expect severe email-borne attack in the next 12 months

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According to Mimecast’s The State of Email Security 2023 report, 75% of Chief Information Security Officers (CISOs) expect a severe email-borne attack in the next 12 months, and 40% have already been victims of a phishing or ransomware attack via email.

According to the report, emails are the number one threat vector for cybercriminals, with 94% of malware delivered via email. While organizations have implemented email security solutions, the report emphasizes the importance of continuous improvement and investment in advanced email security solutions in order to combat increasingly sophisticated attacks.

The use of email by businesses is increasing, with 82% of companies reporting a higher volume of email in 2022 compared to 2021 and 2020, according to the 2023 SOES report. More email has resulted in more email-based threats, which 74% of respondents said have increased in the last year. While the growing number of threats is a concern, the report states that the growing sophistication of email attacks poses the greatest risk.

It goes on to say that 59% of respondents believe cyberattacks are becoming more sophisticated, while another 75% believe email-based threats have increased. The increasingly sophisticated nature of attacks is the most significant challenge for 59% of respondents, with 76% expecting a serious email-borne attack to have serious consequences for their organization in the coming year. 7% believe such an attack is “inevitable,” while three out of ten believe it is “extremely likely.”

The sources for this piece include an article in CPOMAGAZINE.

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