The Business Cost of Phishing

Phishing attacks pose a significant and growing threat to organizations, demanding considerable resources and imposing substantial financial costs. IT and security teams spend an average of 27.5 minutes and $31.32 to handle a single phishing email, with these attacks expected to become even more sophisticated and widespread across various communication tools beyond email. This trend not only increases the time burden on cybersecurity teams but also exposes organizations to greater risks, including data breaches, financial losses, and reputational damage. To effectively combat this evolving threat, organizations must adopt more advanced, holistic security solutions that can address the rising complexity and reach of phishing attacks.