The current financial environment has everyone money conscious, but many companies are still leaving themselves vulnerable to big pay-outs to cyber fraudsters.
Cyber criminals earn three times the average salary of a FTSE 100 chief executive, according to a recent report. Even rookies are raking it in, taking home approximately £15,000 a month. The report found that if it was a country, the global fraud industry would be the third-biggest economy in the world, behind only the US and China.
A fraudster’s win is by definition a company’s (financial) loss. In the UK, the median cost of attacks has doubled to £23,000 in 2022.
Falanx Group plc (LON:FLX) is an AIM-listed security and intelligence provider based in London in the United Kingdom. Falanx Group is a team of security professionals and technology experts who work in close partnership with our clients to help them defend against a wide range of global security threats.