In the world of cybersecurity, the grim reality is that most of our personally identifiable information has already fallen into the wrong hands. The relentless cycle of cybercriminal activities has led to the expansion of databases containing personal data, painting a bleak picture of data security. Simply put, the battle to protect our personal information has been lost.
This alarming situation extends beyond individuals; it poses an even greater threat on a corporate level. While individual data certainly holds value for cybercriminals, the real prize lies in compromising networks containing personal data of thousands of employees, end users, or even citizens, as seen in some government departments. Such breaches enable threat actors to engage in large-scale malicious activities.
Organizations are acutely aware of this danger and are responding to an increasingly sophisticated cybercriminal landscape. According to Mimecast’s State of Email Security Report 2023, 59% of 1700 Chief Information Security Officers (CISOs) surveyed reported that cyberattacks are becoming more sophisticated and alarmingly frequent. Two-thirds of these CISOs stated that their organizations had fallen victim to ransomware attacks, while a staggering 97% had encountered email-based phishing attacks.
