Security education saves companies millions of dollars a year

By Ian Barker
 
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Successful phishing attacks can lead to costs from loss of employee productivity and credential compromise, among other factors, which together may cost an average sized company $3.77 million per year.
New research released by Wombat Security Technologies and the Ponemon Institute finds that the phishing email click rate improved an average of 64 percent following security training.
 "In talking with security officers, we know that many do not expect much benefit from employee training as part of their defense against phishing attacks. This research proves that security officers should expect more from employee education and seek providers like Wombat Security who can provide results like these", says Dr. Larry Ponemon, chairman and founder of the Ponemon Institute. "As the threat landscape continues to intensify and phishing tactics become more sophisticated, this research shows that employees who have undergone security training are far less likely to fall victim to a phishing attack".
 
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