Despite best efforts over the past decade, email security is broken. Human defenses cannot protect us from nefarious attacks, and cybercriminals continue to exploit human trust to run sophisticated attacks at scale. This is the reality of our current environment.
Legacy email security systems are failing, as more enterprises migrate their emails to the cloud and cyber-attacks become more professional and difficult to detect. Companies in all industries and government agencies simply are not moving fast enough to counter the increasingly sophisticated threats like business email compromise (BEC) and account takeover attacks.
A 300% increase in phishing attacks in just twelve months, with more than 40% launched using cloud-based email, URLs, or both. As many as 1.5 million malicious emails sent from hijacked Office 365 accounts on a monthly basis.
Editor's Note: This article is Part 2 in a three-part series based on findings from the Q4 2018 Email Fraud & Identity Deception Trends report. Click here to read Part 1.