From the report, “The large-scale attacks and disastrous outcomes in this paper underscore the fact that targeted phishing is the overwhelming cause of nearly all breaches. Phishing attacks cost companies an incalculable amount of money, prestige, goodwill, confidential data, and competitive advantage, as well as brand identity and integrity. The Verizon Data Breach Investigations report supports the overwhelming impact of phishing, which targets businesses consistently across email, web, and network traffic. Siloed approaches lead only to siloed and ineffective protection. Partial, reactive defenses such as employee education, perimeter protection, and spam filtering simply don’t work against today’s phishing threats.”