European Phishing Reply Tendencies Report Indicates EU Companies Not ready for Phishing Attacks

The latest statement from Cofense (previously PhishMe) has exposed the bulk of EU companies don’t feel they are well organized to cope with phishing attacks.

Phishing is the main danger to companies of all sizes. SMBs and enterprises should cope with spray and pray crusades and targeted phishing attacks on their business and highly aimed spear phishing attacks on particular groups of workers.

The information for the European Phishing Reply Tendencies Report comes from the latest survey carried out on 400 IT experts at European companies in a wide variety of industry sectors.

78% of responders stated that they had already suffered a cyberattack that began with a phishing electronic mail. Although companies in Europe have had practice at coping with the attacks, they still feel they aren’t well organized. 57% of responders stated their businesses were not prepared for a phishing attack and that they try to reply to the large numbers of phishing electronic mails they receive each day.

The report indicates the United Kingdom is the most phished country in Europe. Over 23% of responders stated they are getting more than 500 phishing electronic mails a week. The Netherlands was second with 22% of responders stating they get 500 or more phishing electronic mails a week, followed by France receiving 20%, Germany receiving 18%, and Belgium receiving 16%.

Cofense highlights in the statement that the results were similar to its matching US analysis, however, one area where the two places vary is the use of automated electronic mail study solutions to identify phishing dangers and provide assistance with the reply. In the US, just 33% of businesses saw these solutions as an operational method of alleviating electronic mail-based attacks, while in the European Union they were a wish list item for 59% of businesses.

The survey verifies that phishing is supposed to be the largest safety danger in the European Union. The biggest obstacle preventing companies from coping with the danger is poorly integrated safety systems.

What is obvious from the analysis is technological phishing fortifications can only go as far as this. They will definitely obstruct the bulk of phishing electronic mails from being delivered, however, a bulk isn’t sufficient. With phishing electronic mails still arriving in inboxes, it is crucial that workers are qualified to recognize dangers and reply appropriately.

If workers are trained to be first responders and have the solutions ready to be capable to swiftly report phishing electronic mails to their safety squads, action can be taken to alleviate the danger before access to electronic mail accounts as well as networks is gained by the attackers.