"Half of Organizations Fell Victim to Spear Phishing in 2022"

Barracuda Networks' new spear phishing trends report shows that 50 percent of organizations analyzed were victims of spear phishing in 2022, with 24 percent having at least one email account compromised by Account Takeover (ATO). The report is based on the analysis of a data set consisting of 50 billion emails across 3.5 million mailboxes, including nearly 30 million spear phishing emails, as well as a survey conducted by Vanson Bourne of Information Technology (IT) professionals at 1,350 companies. While spear phishing attacks account for only 0.1 percent of all email-based attacks, according to data from Barracuda, they account for 66 percent of all breaches. Additionally, 55 percent of respondents who experienced a spear phishing attack reported the infection of machines with malware or viruses. As a result of a spear phishing attack, 49 percent had sensitive data stolen, 48 percent had login credentials stolen, and 39 percent suffered direct financial loss. This article continues to discuss key findings from Barracuda Networks' spear phishing trends report.  

BetaNews reports "Half of Organizations Fell Victim to Spear Phishing in 2022"