Unraveling the Consequences of Phishing Attacks
Without strong protection against phishing, Tiryaki faced serious threats. Managing human risk, which causes 95% of cybersecurity problems, was tough due to its global reach. These attacks are serious because one phishing incident can cost a business over $1 million.
- Legal compliance: Tiryaki's industry regulations mandate regular cyber threat training for employees. Non-compliance risks legal penalties.
- Financial impact: Successful phishing attacks that cause data breaches or ransom demands can lead to significant monetary losses.
- Reputation: Any data breach could damage trust among customers, employees, and partners, affecting Tiryaki's reputation.
- Operational Disruption: Handling suspicious activities or actual attacks can disrupt regular business operations.
- Identity and Fraud Risks: Phishing attacks often steal confidential information, leading to identity theft and potential fraud.
We trained 1,100 global employees, achieving an 89% phishing identification success rate within a year. This program bolstered our defenses and enhanced our security culture. Financially, we've successfully protected customer data and protect our reputation.
Potential Loss Prevented
The average loss per individual | $502 |
Employees recognize and report Phishing | from 61% to 89% in one year |
The total potential loss prevented: $154,616 annually | |
Cost Saved From Incident Response Process
Average time to respond to a Phishing incident | from 6 hours to 2 minutes |
The average cost of one staff member | $60 per hour |
The cost of a single Phishing incident is reduced | from $360 to $0,12 |
The average number of Phishing incidents reported per year | 30 |
The total estimated cost savings are $10.792 annually (reducing the cost from $10.800 to $7,2) | |
How Tiryaki Protected Their Company Against Phishing Risks:
- Simulated phishing scenarios enabled employees to recognize phishing emails, improving their awareness.
- Utilized security awareness training to educate employees on correct reporting, ensuring swift responses to suspicious activities.
- Used a phishing simulator to test and train employees acquainting users with common phishing tactics.
- Created a continuous awareness training program that fostered a security culture, with employees actively participating in cybersecurity efforts.
- Ensured compliance with cybersecurity regulations requiring proof of employee training thanks to regular simulations and training.
- Analyzed employees' risky behaviors and tailored targeted security awareness program to promote good habits.
Operational Results
- Tiryaki trained 1,100 employees globally, maintaining high-security awareness.
- Employees had an 89% success rate in spotting phishing attempts in a year.
- Keepnet's training reduced employee stress about phishing threats.
- The training turned employees from potential victims to active defenders, strengthening Tiryaki's cybersecurity.
Strategic Results
- Tiryaki prevented a potential loss of $154,616 annually.
- The security awareness program reduced regulatory risks, boosting confidence.
- Strong security measures and a complete incident response plan protected Tiryaki's assets and reputation.
- Automated training improved productivity by reducing the need for long manual sessions.
