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Just one mobile phishing attack could cost your business hundreds of millions

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A new report from Lookout shows just how much damage a mobile phishing attack could do to your organization.
New research from Lookout has revealed the danger that mobile phishing attacks pose to enterprise organizations where many employees are given company smartphones for work.
The firm’s 2020 Mobile Phishing Spotlight Report shows that unmitigated mobile phishing threats could end up costing organizations with 10,000 mobile devices as much as $35m per incident and up to $150m for organizations with 50,000 mobile devices.
The report also revealed that there was a 37 percent increase worldwide in enterprise mobile phishing encounter rates between Q4 2019 and Q1 2020.

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