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 1. 2023 Spear-Phishing Trends

2023
spear-phishing
trends
Key findings about the impact of
attacks and the challenges of threat
detection and response
GET THE REPORT NOW

2023 spear-phishing trends

GET THE REPORT NOW


SPEAR-PHISHING INSIGHTS

Based on propriety spear-phishing data and analysis, as well as market data from
1,350 IT decision makers, this report explores the impact and costs of
spear-phishing attacks on organizations around the globe over the past 12
months.
50%
of organizations were victims of spear phishing in the last 12 months.

22%
of organizations had at least one email account compromised in 2022
5
Number of spear-phishing emails a typical organization receives each day

370
average number of malicious emails sent from each compromised account


SPEAR PHISHING IS LOW-VOLUME BUT HIGH IMPACT.

In an analysis of 50 billion emails across 3.5 million mailboxes, Barracuda
researchers uncovered nearly 30,000,000 spear-phishing emails. While these
emails make up less than 0.1% of all emails sent, but they are responsible for
66% of all breaches.


ORGANIZATIONS ARE FEELING THE EFFECTS.

Nearly every victim of spear-phishing in the last 12 months saw impacts on their
organization, including malware infections, stolen data, account takeover,
monetary loss, and reputational damage.


THREAT DETECTION AND RESPONSE REMAINS A CHALLENGE.

On average, organizations take nearly 100 hours to identify, respond to, and
remediate a post-deliver email threat — 43 hours to detect the attack and 56
hours to respond and remediate after the attack is detected.


HAVING MORE REMOTE WORKERS SLOWS DETECTION AND RESPONSE.

Companies with more than a 50% remote workforce also reported that it takes
longer to both detect and response to email security incidents — 55 hours to
detect and 63 hours to response and mitigate, compared to an average of 36 hours
and 51 hours respectively for organizations with fewer remote workers.


RELATED BLOG POSTS

May. 16, 2023 Blog


TRENDS AND DATA GAPS REVEALED IN NEW HEALTHCARE RANSOMWARE ATTACK STUDY

May. 3, 2023 Blog


LONG-TERM EFFECTS OF THE OAKLAND CYBERATTACK

Apr. 26, 2023 Blog


WEBINAR: THE LATEST INSIGHTS ON BARRACUDA'S NEW RANSOMWARE REPORT

Apr. 14, 2023 Blog


K-12 GETS A BOOST WITH CISA BOARD APPOINTMENT OF DOUG LEVIN

Apr. 10, 2023 Blog


DATA BREACHES GET DANGEROUSLY PERSONAL

Mar. 29, 2023 Blog


RANSOMWARE STRUGGLES CONTINUE FOR CITY OF OAKLAND

Mar. 28, 2023 Blog


REPEAT RANSOMWARE ATTACKS: WHAT’S PUTTING VICTIMS AT RISK?

Mar. 21, 2023 Blog


BANK FAILURES LEAD TO POTENTIAL CRYPTOCURRENCY SCAMS

Mar. 16, 2023 Blog


CYBERSECURITY THREAT ADVISORY: NEW PHISHING CAMPAIGNS RELATED TO RECENT BANK
FAILURES

Mar. 15, 2023 Blog


STAY AHEAD OF ATTACKERS TRYING TO CAPITALIZE ON RECENT BANK FAILURES



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