Attending the FS-ISAC Summit? Hear Cofense CEO Rohyt Belani discuss “The Art of Human Intuitive Repulsion” on May 1 at 8:45am. Stop by booth #112 and learn how to stop phishing attacks in their tracks!
Over a third of all phishing attacks target financial institutions.1 Sophisticated hacking groups, insider attackers, and other culprits exploit banks, credit card providers, and payment processors alike. And attacks don’t simply deliver malware to trigger costly breaches. The CEO of a European bank, for example, fell for a phishing email (known as BEC) requesting a wire transfer of nearly $76 million.2
The time to identify, report, and mitigate a threat is the difference between a manageable loss and a catastrophic event. When you add regulatory fines and legal penalties, you can quickly understand how vigilant users help minimize risk and save millions of dollars. To wit: an Accenture study reveals that incident responders identify about two-thirds of all breaches (64%). And among the breaches not found by professional threat hunters, 72% were uncovered by non-security employees.3 Cofense delivers solutions that train employees at all levels to spot and report phishing so security teams can stop it. Our financial customers, including those featured in case studies below, rank among the largest organizations in the world.