How to Reduce the Risk of Phishing and Ransomware

Contents:

Phishing and ransomware attacks were critical threats before the health pandemic of 2020, however, with the forced sudden shift to remote working and learning, threat levels increased drastically across the globe.

This brand new and original study by Osterman and TitanHQ reports on the rise in phishing and ransomware attacks. An in-depth survey of security-focused professionals was conducted. 

The three most commonly occurring security incidents found to face businesses are:

1. Business email compromise (BEC) attacks that successfully tricked lower-level employees

2. Phishing messages that result in a malware infection

3. Phishing messages that result in an account compromise

This report delves into advanced security threats facing businesses and discusses how risks can be reduced. 

Key Takeaways:

• 85% of interviewed organizations experienced one or more of 17 types of security incidents in the past 12 months.  
• 37% of organizations believed they were highly effective at counteracting 11 or more of the phishing and ransomware threats
• Security budgets increased an average of 28% from 2020 to 2021. 

Key Learnings:

• The most effective mitigations against phishing and ransomware attacks. 
• Best practices to reduce the risk of phishing and ransomware.