Highlighting the Potential Risks of Phishing Attacks for Abdi İbrahim
Legal Risks: The risk of non-compliance with industry regulations is a severe concern for Abdi İbrahim.
Financial Impact: Phishing attacks can lead to data breaches and ransom demands, causing significant financial losses.
Reputation: Data integrity compromises due to phishing attacks can negatively impact Abdi İbrahim's reputation among customers, employees, and business partners.
Operational Disruptions: Manual investigations and responses to phishing attacks can disrupt regular business functions, requiring significant resources and attention.
Identity Theft and Fraud Risk: Phishing attacks can expose confidential information, increasing the risk of identity theft and subsequent fraudulent activities.
Supply Chain Vulnerabilities: Phishing attacks can disrupt the supply chain, affecting the availability and distribution of critical drugs and medical supplies, impacting patient care.
Loss of Trade Secrets: Exposure of confidential information can result in the loss of trade secrets, impacting the company's market position and competitive edge.
Increased Insurance Premiums: Frequent security incidents can result in higher cybersecurity insurance premiums, adding to operational costs.
We have set up our own Information Sharing and Analysis Center (ISAC) utilizing Keepnet's Threat Sharing product. This has empowered us to exchange and acquire threat intelligence seamlessly with over 200 trusted companies. We maintain a dedicated peer-to-peer data sharing network through this platform, exclusively tailored to our company's needs.
Potential Loss Prevented
The average loss per individual | $502 |
Employees recognizing and reporting phishing | from 37% to 97% in 1 year |
The total potential loss prevented: $1,385,520 annually | |
Costs Saved From Incident Response
Avg. time to respond to a Phishing incident | from 12 hours to 2 minutes |
The average cost of one staff | $60 per hour |
The cost of a single Phishing incident is reduced | from $720 to $0,12 |
The average number of Phishing incidents reported per year | 80 |
The total estimated cost savings are $57,590 annually (Reducing the cost from $57,600 to $9,2). | |
How Abdi İbrahim Boosted Their Incident Response Capability:
- Enabled access to an extensive network with a significant threat data pool, allowing for the acquisition and dissemination of cyber threat intelligence via sector-based communities while ensuring anonymity.
- upported in creating their own threat intelligence sharing platform within a trusted ecosystem, enhancing the ability to automatically manage and respond to incoming threats.
- Set up an automated threat intelligence sharing environment that integrated community-shared threat intelligence into their network security products.
- Automation through their SOAR Platform allowed for the automatic removal of malicious emails, threat blocking, and streamlining of the entire threat intelligence lifecycle.
- Responded to phishing attacks 48.6 times faster and removed threats from inboxes within minutes.
Operational Results
- Employees achieved a 97% success rate in identifying phishing attempts.
- Initiated threat intelligence orchestration through their SOAR Platform and created automatic threat blocking.
- Accessed an extensive network with a significant threat data pool and got daily threat intelligence, automating the entire threat intelligence lifecycle.
- Streamlined incident reporting enabled swift and effective responses to threats.
Strategic Results
- Prevented an annual potential financial loss of $1,385,520.
- Ensured legal compliance.
- Implemented threat intelligence sharing within its trusted ecosystem.
- Created automated processes for handling threat information, from receiving and improving the data to analyzing, sharing, and responding.
