The Cost of Phishing: Understanding the True Cost Dynamics Behind Phishing Attacks
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(0)Overview: In this white paper, Cyveillance’s phishing experts demonstrate the financial savings resulting from speedy detection and take down of phishing attacks, as well as significant financial repercussions of slow phishing detection and take downs. According to a Gartner study released in December 2007, phishing attacks represent a staggering amount of fraud, costing organizations more than $3 billion annually. Even more shocking than this cost is the fact that phishing is a steadily growing problem with no end in sight. # For more than six years, Cyveillance has seen customers of both large and small branded companies fall victim to this pervasive form of online fraud, with phishing attacks against more than 2,000 brands across 30 countries. Cyveillance used this extensive experience to establish the baselines used in the model and can be easily adapted to any organization.
