$48k per Phish!!

No, it is not a reward of $48k for the biggest gaming fish, it is the figure the Canadian Anti-Fraud Centre (CAFC) identified as the highest loss/ attack at a little over $48,000 per attack in 2019.

In 2019 “Spear Phishing” was directly responsible for over $21 Million in reported losses – the highest of any fraud category according to the CAFC report recently released.

While these numbers are frightening to say the least, the most terrifying statistic is that globally only an estimated 5% of all fraud cases are reported!!! If these estimations are correct ……. what is the true cost of Phishing???

The FBI estimates that Business Email Compromise (BEC) in 2019 cost businesses a total of over $1.7 billion in the US alone, making phishing attacks one of the most lucrative methods of fraud.

To discuss successful partnerships and how engaging Consulting IT to maintain your IT infrastructure will:

  • Reduce your Staff downtime/ Expenditure/ Stress/ Exposure and Risk
  • Increase your Awareness/ Business Continuity Plans/ Backup and Disaster Recovery Systems/ Auditing and Compliance

Simply contact Corey Hill (chill@consultingit.com.au), National Sales and Marketing Manager.

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By | 2020-03-05T10:13:22+10:00 March 5th, 2020|Latest Articles|