Skip to content

David Skriloff Scholarship

Home » Blog » Phishing Statistics Small Businesses Should Know – David Skriloff

Phishing Statistics Small Businesses Should Know – David Skriloff

Phishing Statistics Small Businesses Should Know - David Skriloff

It is no secret that cybercrime has become increasingly sophisticated, with elite hackers perpetrating schemes on an industrial scale. The most notorious of these attacks, and the ones most likely to affect small businesses as well, are phishing scams. This insidious form of attack relies on social engineering techniques to trick unsuspecting users into downloading malicious software or revealing sensitive information in exchange for some kind of reward. Now more than ever, it is critical that businesses understand the statistics behind this dangerous type of cyberattack so they can better protect themselves from becoming victims. In this article, David Skriloff discusses the latest phishing statistics so you can arm your business with knowledge before it’s too late.

David Skriloff Lists Phishing Statistics That Small Businesses Should Know

According to David Skriloff, the first phishing statistic every small business should know is that nearly 90% of all data breaches are caused by phishing attacks. This means that for businesses in the digital age, cyber security must be a top priority. Phishing scams may seem simple to spot on the surface, but they can be incredibly sophisticated and difficult to identify. It only takes one successful attack to cause serious damage to business operations, reputation, and customer trust. Business owners must remain vigilant at all times and have procedures in place to detect, identify, and prevent any potential threats before they become a problem.

Another important fact related to phishing is that over 60% of people who received an email containing malicious content opened it. While this number is somewhat alarming, it is also very telling in terms of human behavior. People are inherently trusting, and they tend to be unaware of the potential risks associated with clicking on unknown links or downloading attachments from unfamiliar sources. Educating employees and customers about phishing threats is a necessary step that all small businesses should take to protect their digital assets.

The third statistic that every small business owner should know is that nearly 80% of all successful phishing attacks use spear-phishing techniques, which involve sending emails to specific individuals within an organization in order to gain access to confidential information. This type of attack is particularly dangerous because it can target anyone in the company, regardless of their position or level of security clearance. As such, business owners must ensure that their IT personnel are trained to identify and respond to this type of attack quickly and effectively.

Finally, it is estimated, as per David Skriloff, that the cost of a successful phishing attack can range from tens of thousands to millions of dollars in losses. The costs associated with recovering from a data breach can be astronomical, both in terms of direct monetary losses and indirect costs such as lost customer trust or reputational damage. Business owners should understand that investing in cyber security measures now will pay dividends later on by saving them from having to deal with the financial impact of a potentially devastating phishing attack.

David Skriloff’s Concluding Thoughts

These four statistics that David Skriloff highlights here demonstrate the serious risks posed by phishing attacks for small businesses. It is essential for business owners to stay informed about emerging threats and have appropriate protocols in place to protect their digital assets from malicious actors. By educating employees, customers, and senior management about the risks associated with phishing scams, business owners can help ensure that their operations remain secure for years to come.