Business e mail arms race : Why yesterday protection wont save tomorrow inbox

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Cyber crime is a growing concern for businesses and individuals alike.

The Growing Threat of Cyber Crime

Cyber crime is a rapidly evolving threat that affects individuals, businesses, and governments worldwide. The increasing reliance on digital technologies has created new vulnerabilities, making it easier for cybercriminals to exploit. The rise of the dark web, social engineering tactics, and the proliferation of malware have all contributed to the growing threat of cyber crime. Key statistics: + 1 in 5 businesses has been a victim of cyber crime + 75% of cyber attacks are successful because of human error + The global cost of cyber crime is estimated to be over $6 trillion annually

The Importance of Cyber Security Strategy

A well-defined cyber security strategy is essential for protecting against cyber threats. Most companies have formalised their cyber security strategy, incorporating best practices to mitigate risks. However, the importance of a robust cyber security strategy cannot be overstated. A strong strategy can help prevent data breaches, protect intellectual property, and maintain business continuity. Key elements of a cyber security strategy: + Risk assessment and management + Incident response planning + Employee education and awareness + Regular security audits and testing

Protecting Against Common Threats

Cybercriminals often target specific vulnerabilities, such as phishing, ransomware, and malware.

The Rise of Ransomware Attacks

Ransomware attacks have become increasingly prevalent in recent years, with a significant increase in 2023. According to recent statistics, ransomware attacks increased by 95% year-on-year, making them one of the most common e-mail threats. This rise in ransomware attacks can be attributed to several factors, including the growing sophistication of attackers and the increasing use of cloud-based services.

The Anatomy of a Ransomware Attack

A ransomware attack typically involves the following stages:

  • Initial Contact: The attacker sends a malicious email or message to the victim, often disguised as a legitimate communication. Lateral Movement: The attacker gains access to the victim’s network, using stolen credentials or other vulnerabilities. Data Encryption: The attacker encrypts the victim’s data, making it inaccessible without paying the ransom. Ransom Demand: The attacker demands payment in exchange for the decryption key. ### The Role of Human Error

    • The Role of Human Error

    Human error is a significant contributor to the success of ransomware attacks. Many employees are unaware of the risks associated with phishing emails or other types of malicious communications. As a result, they may click on links or download attachments that contain malware, allowing the attacker to gain access to the network.

    Common Human Error Scenarios

  • Phishing Emails: Employees may receive phishing emails that appear to be from a legitimate source, such as a bank or a software vendor. These emails may contain links or attachments that, when clicked or opened, install malware on the victim’s device. Unsecured Networks: Employees may use public Wi-Fi networks or unsecured networks to access sensitive data, making it vulnerable to interception by attackers.

    Sophisticated Phishing Attacks Are on the Rise, Threatening Organizations Everywhere.

    The Rise of Advanced Phishing Attacks

    Phishing attacks have been a persistent threat to organizations for years, but the sophistication and frequency of these attacks have increased dramatically in recent years. According to a report by the Anti-Phishing Working Group (APWG), the number of phishing attacks has risen by 65% in the past year alone. This surge in phishing attacks is largely due to the advancement of technology, which has made it easier for attackers to create convincing and targeted attacks.

    Key Characteristics of Advanced Phishing Attacks

    Advanced phishing attacks often have several key characteristics that make them difficult to spot.

    Mimecast is a leading provider of cloud-based email security solutions. Their solutions are designed to protect email from various threats, including spam, phishing, and malware.

    Understanding the Importance of Email Security

    Email is a critical component of any business, serving as a primary means of communication between employees, customers, and partners. However, with the rise of cyber threats, email security has become a top priority for organizations. A successful breach can result in significant financial losses, damage to reputation, and downtime, making it essential to invest in email security solutions.

    The Benefits of Investing in Email Security

    Investing in email security is not just a cost-saving measure; it’s an investment in the future of your organization. Here are some benefits of investing in email security:

  • Protection from cyber threats: Email security solutions can protect your organization from various cyber threats, including spam, phishing, and malware. Improved productivity: By reducing the risk of email-related downtime, email security solutions can improve productivity and efficiency. Enhanced customer trust: By protecting customer data and preventing email-related breaches, email security solutions can enhance customer trust and loyalty. * Compliance with regulations: Email security solutions can help organizations comply with various regulations, such as GDPR and HIPAA. ## Armata’s Email Security Offerings**

    • Armata’s Email Security Offerings

    Armata provides a variety of security offerings built on Mimecast foundations.

    Mimecast’s Key Features

  • Cloud-based email security: Mimecast’s solutions are cloud-based, making them highly scalable and flexible. Advanced threat protection: Mimecast’s solutions include advanced threat protection, including AI-powered threat detection and response.

    The Benefits of Armata’s Implementation of Mimecast’s Tools

    A Robust Security Solution

    Armata’s implementation of Mimecast’s tools has brought a robust security solution to the business, safeguarding against phishing and other threats. This is a significant achievement, as phishing remains one of the most insidious cyber threats.

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