Tag: employee education

As the year ends, businesses face year-end fatigue and the pressures of the approaching festive season. This period, marked by heavy workloads and rushing to meet targets, creates opportunities for cybercriminals to exploit vulnerabilities. One prominent method is business email compromise (BEC), a sophisticated cybercrime targeting organisations via email system infiltration. A common BEC tactic involves altering banking details on invoices.

According to estimates by our experts, the average share of spam in global email traffic in 2023 was 45.60%. This deluge of unwanted emails not only clogs up inboxes, but also consumes a significant amount of time and resources. On average, each year, employees spend between 5 and 18 hours sorting through spam, and when scaled to an organisation with hundreds of employees, this translates into huge amounts of lost productivity. Yet, the wasted time is just the tip of the iceberg.

Usually, as we move from one year to the next, we look at trends for the coming year so that we know what to expect. This is especially pertinent in the IT industry where things evolve at lightning speed. This is not so that we can invest in the latest and greatest for their own sake, rather it is to keep businesses relevant and competitive on their digital journeys, as well as to keep them safe from a cybersecurity perspective.