Mimecast (NASDAQ: MIME), a leading email and data security company, announced the availability of its latest Email Security Risk Assessment (ESRA). The quarterly assessment is an aggregated report of tests that measure the efficacy of widely used email security systems. This quarter’s ESRA report found a significant increase in Business Email Compromise (BEC) attacks, emails containing dangerous file types, malware attachments and spam being delivered to users’ inboxes from incumbent email security systems.
BEC attacks, also referred to as email-based impersonation fraud, is an issue that is not going away because these attacks can easily evade many traditional email security systems on a global scale. The latest ESRA found a 269% increase in these types of attacks, in comparison to the same findings in last quarter’s report. This trend was also reflected in recent research, the State of Email Security 2019 report, which found that 85% of the 1,025 global respondents experienced an impersonation attack in 2018, with 73% of those victims having experienced a direct business impact – like financial, data or customer loss.
The rise in BEC attacks underscores the need for organizations to add protection against well-resourced attackers. A 2019 Osterman Research Report titled “Ten Questions to Ask About Your Office 365 Deployment”, concluded Microsoft Office 365 alone, “will not fully meet many organizations’ requirements.” Today, close to half of Mimecast customers bolster the cyber resilience of their Microsoft Office 365 deployments with services including, Targeted Threat Protection to defend against bad actors and BEC attacks.
BEC attacks are not the only method cybercriminals have been successfully leveraging to target organizations. The ESRA report found 28,783,892 spam emails, 28,808 malware attachments and 28,726 dangerous files types were all missed by incumbent providers and delivered to users’ inboxes, an overall false negative rate of 11% of inspected emails. The results from the report demonstrate the need for the entire industry to continue to work toward a higher standard of email security.
“This ESRA report pointed out that impersonation attacks continue to menace all types of organizations, but I think the real issue is that there are tens of thousands email-borne threats successfully able to bypass the email security systems that organizations’ have in place, effectively leaving them vulnerable and putting a lot of pressure on their employees to discern malicious emails,” said Joshua Douglas, vice president of threat intelligence at Mimecast. “Cybercriminals will always look for new ways to bypass traditional defences and fool users. This means the industry must focus their efforts on investing in research & development, unified integrations and making it easier for users to be part of security defences, driving resilience against evolving attacks.”
Mimecast produces quarterly ESRA reports to offer organizations insights on the rise of new types of email-borne threats and key trends in malicious email campaigns.
London/Dubai – July 28, 2021: Rapidly growing British cybersecurity compan...Learn More
Dubai/Bengaluru, June 22, 2021: Subex, a leading provider of digital trust, Int...Learn More
Dubai, United Arab Emirates (April 19, 2021) – The world has moved towards digit...Learn More
New agreement expands Atos’ market reach and offers Spire Solutions partners acc...Learn More
Themed “How to: Monitor, Solve and Secure!”, the roadshow by Spire Solutions and...Learn More
Rapid7 Named a Leader in Vulnerability Risk Management Report from Leading Indep...Learn More
Pre-built integrations with leading analytics tool providers including FireEye, ...Learn More
White paper examines the trends and technologies contributing to the cyber skill...Learn More
Spire Solutions Highlights Adaptive and Responsive Security at the Gartner Secur...Learn More
SolarWinds Backup Rated #1 in SaaS and Small Business Online Backup by G2 Before...Learn More
Annual State of Threat Detection and Response Report Finds 57.43% of Organizatio...Learn More
In a conversation with Arabian Reseller, Avinash Advani, the CEO of Spire Soluti...Learn More
Endgame, the leader in endpoint protection, today announced its latest release i...Learn More
Spire Solutions has signed a distribution partnership with Titus to assist organ...Learn More
Staff watching Women’s World Cup on second screen could cripple corporate IT net...Learn More
SecurityScorecard, the leader in security ratings, today announced the completio...Learn More
Rapid7, Inc. (NASDAQ: RPD), a leading provider of security analytics and automat...Learn More
Mimecast (NASDAQ: MIME), a leading email and data security company, was awarded ...Learn More
Dubai, UAE — 17 June, 2019: ‘Disruptive VAD’ signs Middle East Distribution Agre...Learn More