Many organizations have moved to Office 365 or G-Suite for obvious reasons. However, are you aware of the new security risks that these new environments pose? We’ve listed 5 reasons you should re-evaluate your cloud email security.

1. Over 90% of cyber-attacks on organizations start from a malicious email

Yes, you’ve read it right. According to the Verizon 2019 Data Breach Investigation Report, 94% of malware, including Ransomware, infiltrate organizations through phishing emails. Cloud mailboxes have become the front door to your organizations, and cyber criminals are waltzing in.

2. Business Email Compromise (BEC) attacks alone cost $300 million a month to organizations.

This is according to the US treasury. This number is only the tip of the iceberg when it comes to the enormous amounts cloud email attacks cost organizations every month. One example includes a 2019 attack on a Toyota parts supplier where attackers convinced the accounts payable team to electronically transfer $37M to the criminals’ account.

3. Phishing schemes are getting more sophisticated by the day

Remember the Nigerian prince scheme? Modern phishing attacks are nothing like it. They are extremely sophisticated, and many times involve a number of spoofing parameters and advanced social engineering methods that traditional security solutions have a very hard time identifying.

4. Platform-provided security solutions miss about 30% of malicious emails

Platform-provided security solutions miss a large portion of malicious emails. One of the reasons is these solutions are visible to attackers. Cyber criminals can identify the security solution you are using and test their campaigns to learn the solution’s weaknesses, and as a result bypass its policy.

5. There is a better way of doing things

It is time for a new email security paradigm. CloudGuard SaaS is a cutting-edge email and office-suite security solution that is trained to catch what other solutions miss. CloudGuard SaaS deploys in minutes and provides organizations with a simple management platform, and an invisible architecture that will not expose you to cyber criminals.