Mimecast announces its latest quarterly Email Security Risk Assessment (ESRA)

Technology

Mimecast announces its latest quarterly Email Security Risk Assessment (ESRA)

Mimecast, a leading email and data security company today announced its latest quarterly Email Security Risk Assessment (ESRA), a report that measures the effectiveness of the widely used email security systems. The report signifies the need for the industry to work constantly towards a higher standard of email security.

Mimecast is a globally acclaimed provider of email management services and has been committing its efforts in making emails safer for businesses across the Middle East since 2008.

The report found 26,305,457 spam emails, 27,156, 55,190 impersonation attacks and 466,905 malicious URLs. These were all missed by the existing providers and were landed to users inboxes. Many organizations are in a false belief that their current email security systems are protecting them from phishing. The reports clearly show that many email attacks ranging from opportunistic spam to highly targeted impersonation attacks are in large number and variety.

Impersonation and phishing attacks are increasingly growing. As per the latest State of Email Security 2019 report, 85% of 1,025 respondents worldwide experienced an impersonation attack in 2018 with 73% of those victims experienced a direct business impact like that of financial and data or customer loss. It does not stop here, 94% of the respondents said they experienced a phishing attack with 55% of respondents noticing an increase in this type of attack year after year. This recalls the need for the industry to continue to provide better efficacy in the email protection to help organizations strengthen their cyber resilience in order to defend cyber threats and keep their data safe.

Todays threat landscape continues to evolve as cybercriminals adapt their attack methods, particularly email-borne attacks, to evade the detection of traditional security solutions. This is becoming a huge problem for companies regardless of size -- across the globe. The ESRA results offer deep insights so our customers can better understand the types of attacks threatening their business, said Joshua Douglas, vice president of threat intelligence at Mimecast.

Through better email security, paired with improved security awareness, Mimecast can help customers build a comprehensive cyber resilience strategy that prepares them to take on and defend against both known and unknown cyber threats, he added.