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Phishing Costs Nearly Quadrupled Over 6 Years

August 17, 2021

Research shows that the cost of phishing attacks has nearly quadrupled over the past six years: Large U.S. companies are now losing, on average, $14.8 million annually, or $1,500 per employee.

That’s up sharply from 2015’s figure of $3.8 million, according to a new study from Ponemon Institute that was sponsored by Proofpoint.

According to the study, released Tuesday, phishing leads to some of the costliest cyberattacks.

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