Intelligent CIO Europe Issue 4 - Page 27

//////////////////////////////////////////////////////////////////////////////////// TRENDING 77% OF BUSINESSES EXPECT TO EXPERIENCE EMAIL FRAUD IN THE NEXT YEAR As the number of cyberattacks increase, it is becoming even more challenging to detect and prevent email fraud with traditional security tools. Proofpoint’s 2018 Understanding Email Fraud Survey proves that enterprises must act, or risk being targeted. G lobal market research from Proofpoint, a leading cybersecurity company, reveals 82% of boards are concerned with email fraud and more than half (59%) consider it a top security risk, no longer just an IT issue. Yet almost a third (30%) of respondents cited a lack of executive support as a key challenge to email fraud protection deployment. “Email fraud is highly pervasive and deceptively simple; hackers don’t need to include attachments or URLs, emails are distributed in fewer volumes and typically impersonate people in authority for maximum impact,” said Robert Holmes, Vice President of Email Security Products for Proofpoint. “These and other factors make email fraud, also known as business email compromise (BEC), extremely difficult to detect and stop with traditional security tools. Our research underscores that organisations and boardrooms have a duty to equip the entire workforce with the necessary solutions and training to protect everyone against this growing threat.” Proofpoint’s 2018 Understanding Email Fraud Survey, asked 2,250 senior IT decision makers across the US, UK, France, Germany and Australia for their email fraud experiences from the last two years. The survey, conducted by research firm Censuswide, demonstrates that email fraud is pervasive, disruptive and in many cases, catching businesses unprepared. Insights include: “ ORGANISATIONS NEED TO PROACTIVELY SHUT DOWN THESE TACTICS BEFORE THE DAMAGE IS DONE. INTELLIGENTCIO 27