According to the research, all businesses are concerned about email security.

According to a recent Egress research, we’re all becoming increasingly concerned about email security. Moreover, the hazards that fraudulent communications represent are also increasing.

According to the cybersecurity website, 99% of cybersecurity executives are concerned if they have secure email. While the majority of them around 98% are dissatisfied with email security solutions. Nevertheless, more than half of 53% are concerned that too many phishing emails will get past the SEG.

According to Threat Intelligence at Egress, things will only get worse as hackers’ tactics evolve. The use of AI-powered tools to generate convincing emails at a large scale is the current major issue.

Consumer and employee attrition

Companies are likewise concerned about the ramifications of phishing assaults. According to the analysis, the most significant negative consequence of an inbound email security issue is customer and staff turnover. Nearly 86% of surveyed organizations were negatively impacted by phishing emails. A successful phishing assault resulted in an account takeover for more than four out of five people.

Customer turnover resulted in financial losses for more than 54%, and 40% of instances resulted in personnel leaving the firm. The most common phishing attempts use malicious Websites and attachments, social engineering, and supply chain penetration.

Nevertheless, it is not only about falling victim to a phishing email. Workers frequently commit unforced errors that result in cybersecurity incidents, which are even more common than cyberattacks.

Furthermore, 91% of cybersecurity leaders said that their staff released sensitive data via email. The most prevalent causes are irresponsible or dangerous activity, such as sending data to a personal account to work remotely, human mistake, sending critical emails to the wrong address, and data theft for example, taking data when moving to a different firm.

While traditional technologies remain the cornerstone of every firm’s email security stack. Moreover, 98% of security leaders are dissatisfied with their solutions. According to them, these are ineffective in preventing emails from accidentally mailing the wrong people or reaching the inbox, as well as being too time-consuming.