Why Does Your Business Need Managed Security Awareness Training?

Cybersafe - Protect against Phishing attacks

At Cybersafe.co.uk, we have noted that phishing remains one of the most effective strategies for hacking groups. So this article is all about educating Business Leaders, CFO’s, CEO’s and COO’s about the importance of investing in Managed Security Awareness Training for your employees. It will help keep your data safe but also keep employees vigilant as hackers and cyber criminals get smarter.

Phishing attacks have doubled

According to a recent report, about the rise in victims falling for email spam, it is noted that phishing attacks targeting European organisations surged by 112.4% between April 2023 and April 2024. In the US, the increase was 91.5% over the same period.

While phishing may rank lower in terms of total losses, it’s crucial to understand its potential as a gateway to more severe cyber crimes. A successful phishing attack can grant cyber criminals access to usernames and passwords, leading to the compromise of additional accounts and the launch of more devastating attacks. We recently wrote about 4 ways to make your business Cybersafe, including the constant updates of employee passwords and checks of credentials.

Phishing Emails come with Malware

Furthermore, phishing emails can deliver malware, enabling cyber criminals to steal or ransom data, disrupt operations, and even engage in espionage, underscoring the serious nature of this threat. Thanks to AI and platforms like ChatGPT – phishing attacks have become far more advanced and Managed Security Awareness Training is now pivotal for businesses to fight back and keep their business Cybersafe.

The report also revealed a significant increase in business email compromise (BEC) attacks, a trend that organisations need to be acutely aware of. In the US, BEC attacks on enterprises rose by 72.2% annually, while European businesses experienced a staggering 123.8% increase.

This includes a particularly concerning rise in vendor email compromise (VEC), a form of BEC where vendors are impersonated to deceive targets into making payments for fake invoices, initiating fraudulent wire transfers, or updating banking details for future transactions, highlighting the need for enhanced vigilance and security measures.

Take advantage of Managed Security Awareness Training

Given the growing sophistication and frequency of these attacks, organisations of all sizes must seek the expertise of managed cyber security providers who can provide Managed Security Awareness Training.

These providers offer advanced security measures and monitoring services to detect and mitigate phishing, BEC, and other cyber threats. By partnering with managed cyber security providers, organisations can enhance their defences, protect sensitive information, and ensure the continuity of their operations in the face of escalating cyber threats.

Become Cybersafe

For all enquiries on how to ensure your business becomes Cybersafe and keep your data secure, contact us here. We’re happy to point you towards the right cyber security providers who will be able to help your business protect their data. As a business owner or CFO, it is important you invest in Managed Security Awareness Training for your employees.

Contact Cybersafe and protect your data.

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