Thought leadership

Statistics You Need to Know About Social Engineering

Have you ever experienced a social engineering attack?

These scams try to catch you off guard, leveraging fear, curiosity, habit and innate trust against you. The term social engineering refers to personalised psychological manipulation and tactics that leverage your trust in order to steal data or hack into your network or device.

Cyber criminals have turned to increasingly sophisticated social engineering tactics as it is a highly-effective and subtle way to gain employee credentials and access to troves of valuable data. 

Here are some statistics you need to know about social engineering…and how to protect your organisation:

The average price tag of a social engineering breach costs businesses £3.33 million (IBM)

In 2022, 49% of emails were identified as spam, up from 46% in 2021 (Statista)

Only 3% of malware exploits an exclusively technical flaw. The other 97% targets users through social engineering (KnowBe4)

91% of cyber-attacks start through email (Mimecast)