Tiryaki's Triumph: Shielding Ports and People from Phishing Attacks
Explore how Tiryaki bolstered its defenses against phishing attacks by 89% and reduced costs related to handling phishing scams at its ports by up to 80%
Introduction
Tiryaki, a global agricultural company with 50 years of experience, operates in 40 sourcing and 50 distribution countries, with an annual turnover of $2.5 billion.
With 1100 employees across various locations, including many ports, Tiryaki faces ongoing phishing attacks that threaten its assets and reputation. Due to the workforce's spread-out locations, these attacks are hard to manage.
To stop this, Tiryaki turned to Keepnet' complete, automated phishing solution, which includes ongoing training to monitor and improve employee behavior, boost digital defenses, and protect assets and reputation.
Successful Outcomes
Employees improved phishing detection by 89% in 12 months.
Saved $10,792 annually in incident response time.
Prevented potential financial loss by $154,616 per year.
Unraveling the Consequences of Phishing Attacks
Without strong protection against phishing, Tiryaki faced serious threats. Managing human risk, which causes 95% of cybersecurity problems, was tough due to its global reach. These attacks are serious because one phishing incident can cost a business over $1 million.
Legal compliance: Tiryaki's industry regulations mandate regular cyber threat training for employees. Non-compliance risks legal penalties.
Financial impact: Successful phishing attacks that cause data breaches or ransom demands can lead to significant monetary losses.
Reputation: Any data breach could damage trust among customers, employees, and partners, affecting Tiryaki's reputation.
Operational Disruption: Handling suspicious activities or actual attacks can disrupt regular business operations.
Identity and Fraud Risks: Phishing attacks often steal confidential information, leading to identity theft and potential fraud.
Potential Loss Prevented
The average loss per individual | $502 |
Employees recognize and report Phishing | from 61% to 89% in one year |
The total potential loss prevented: $154,616 annually | |
Cost Saved From Incident Response Process
Average time to respond to a Phishing incident | from 6 hours to 2 minutes |
The average cost of one staff member | $60 per hour |
The cost of a single Phishing incident is reduced | from $360 to $0,12 |
The average number of Phishing incidents reported per year | 30 |
The total estimated cost savings are $10.792 annually (reducing the cost from $10.800 to $7,2) | |
How Keepnet Stepped In:
With Keepnet, Tiryaki enhanced security culture and human risk management as follows:
Improved Threat Recognition: Keepnet's simulated phishing scenarios enabled employees to recognize phishing emails, improving their awareness.
Efficient Reporting: Keepnet's security courses trained employees on correct reporting, ensuring swift responses to suspicious activities.
Mitigating Human Risk: Using a phishing simulator and security awareness courses, Keepnet reduced risks by acquainting users with common phishing tactics.
Building Proactive Security Culture: Continuous training fostered a proactive security culture, with employees actively participating in cybersecurity efforts.
Compliance with Regulations: Regular simulations and training ensured compliance with cybersecurity regulations requiring proof of employee training.
Automated Training: Detailed analysis of employees' risky behaviors fostered awareness and promoted good reporting habits.
Operational Results
Tiryaki trained 1,100 employees globally, maintaining high-security awareness.
Employees had an 89% success rate in spotting phishing attempts in a year.
Keepnet's training reduced employee stress about phishing threats.
The training turned employees from potential victims to active defenders, strengthening Tiryaki's cybersecurity.
Strategic Results
Tiryaki prevented a potential loss of $154,616 annually.
The security awareness program reduced regulatory risks, boosting confidence.
Strong security measures and a complete incident response plan protected Tiryaki's assets and reputation.
Automated training improved productivity by reducing the need for long manual sessions.
"We trained 1,100 global employees, achieving an 89% phishing identification success rate within a year. This program bolstered our defenses and enhanced our security culture. Financially, we've successfully protected customer data and protect our reputation.”