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Cost of an email-borne security attack can on average exceed US $ 1 million
arracuda Networks , a
B trusted partner and leading provider of cloud-first security solutions , has published its 2023 Email Security Trends report that shows how email-based security attacks affect organisations around the world .
A total of 75 % of the organisations surveyed for the report had fallen
victim to at least one successful email attack in the last 12 months , with those affected facing average potential costs of more than US $ 1 million for their most expensive attack . Twenty three percent said that the cost of email-based attacks has risen dramatically over the last year .
The survey , conducted by independent research firm Vanson Bourne and commissioned by Barracuda , questioned IT professionals from frontline to the most senior roles in companies with 100 to 2,500 employees , across a range of industries in the US and EMEA and APAC countries .
The fallout from an email security attack can be significant . The most widely reported effects were downtime and business disruption ( affecting 44 % of those that had been hit ), the loss of sensitive , confidential and businesscritical data ( 43 %) and damage to brand reputation ( 41 %).
There were notable differences between industries . For example , financial services organisations were particularly affected by the loss of valuable data and money to attackers ( cited by 59 % and 51 % of victims , respectively ), while in manufacturing the top impact was the disruption of business operations ( 53 %).
Regardless of size or industry , however , organisations with more than half their employees working remotely faced higher levels of risk and recovery costs .
CyberArk Workforce Password Management delivers advanced protections for enterprise users
yberArk , a global leader in Identity Security , has
C announced enhancements to Workforce Password
Management . CyberArk ’ s cloud-based enterprise password management solution enables organisations to securely capture , store and manage password-based applications and other secrets . New capabilities provide administrators with greater flexibility and control to reduce risk and improve security for web applications .
Unlike personal password managers , Workforce Password Management is designed for business environments and provides the privacy , availability and security enterprises demand , including support for modern passwordless authentication controls and corporate directories .
Using the CyberArk solution , Pacific Dental replaced its legacy approaches to password management , integrated with its single sign-on service and helped users gain instant access to all the web applications they are entitled to use while providing the ability to securely share passwords across internal teams . “ Knowing I can manage privileges and passwords and do so at scale without impacting the business is one of the biggest benefits I get from CyberArk ,” said Nemi George , Vice President , Information Security , Pacific Dental .
Workforce Password Management can be used in conjunction with CyberArk Secure Web Sessions to further strengthen access to sensitive applications . With its newest release , Secure Web Sessions features a new additional layer of protection called Session Control . Session Control allows administrators to define notification and enforcement rules for specific text fields within business apps that are accessed with credentials stored in Workforce Password Management .
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