Anti-Phishing Simulation and awareness market overview

CyberDB research about Phishing covers different types of phishing techniques, tools and service offering from vendors, market overview and common anti-phishing challenges organizations face.

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Email provides us a convenient and powerful communications tool. Unfortunately, it also provides scammers and other malicious individuals an easy means for luring potential victims. The scams they attempt run from old-fashioned bait-and-switch operations to phishing schemes using a combination of email and bogus web sites to trick victims into divulging sensitive information.

  • 156 million phishing emails are sent out every daily.
  • Email users receive up to 20 phishing emails each month. On average, it only takes 82 seconds from the time a phishing email is first distributed until the first victim is hooked.
  • One study revealed that 23% of recipients open phishing emails. That study also found that 11% of recipients also open the malicious attachments. In a different study, over 25% clicked on fraudulent links.
  • Websites connected to phishing attacks were able to steal information from between 3% to 45% of their visitors, depending on the particular site.
  • Within 30 minutes of a phishing attack, 20% of user accounts were compromised.
  • Total losses from phishing attacks in a single year (2013) were estimated at $5.9 billion.
  • 91% of reported data breaches resulted from phishing schemes.
  • The average large company loses $4 million every year to phishing attacks

The Anti-Phishing Simulation market is a subset of the larger market for security awareness computer-based training (CBT) and is driven by the recognition that, so long as technology-based security systems do not provide perfect protection, humans, with all of their inherent strengths and weaknesses, play an undeniable role in an organization’s overall security and risk posture.

This reality, coupled with enterprise and employee adoption of mobile, Internet of Things (IoT) and cloud solutions, requires CISOs to recognize and manage the increasing impact of employee behavior on enterprise security and risk management efficacy. The security education CBT market is a rapidly growing market focused around delivery of content for end-user security awareness. Other than Anti-phishing simulation, its offerings are currently focused on robust LMS platforms to enable content assignment as well as reporting of metrics and intersection with threat intelligence, endpoint detection and response (EDR), and incident response to enable tailored, context-relevant training/testing content, as well as the ability to quickly analyze reported/suspected phishing emails and determine their risk.

In this paper, we focus different types of phishing techniques, tools and service offering from vendors, market overview and common anti-phishing challenges an organization can face. To download the full report click here