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 distinguished global agricultural company with half a century's experience, commands an impressive presence across 40 sourcing and 50 distribution countries. The company's robust and far-reaching supply chain contributes to an impressive annual turnover of $2.5 billion.

With a diverse workforce of 1100 employees spread across multiple locations worldwide, including various ports, Tiryaki has increasingly been the target of ongoing phishing attacks. These attacks pose significant threats to the company's assets and reputation and are particularly challenging to manage due to the geographical diversity of the employees. The phishing attackers have focused their efforts on the many ports that Tiryaki operates from, making managing these attacks even more complicated.

Tiryaki is drawn to Keepnet Labs' comprehensive, automated, and scalable solution to phishing threats, which also incorporates a continuous training program for monitoring employee behavior and tracking progress. This multifaceted solution, tailored to Tiryaki's diverse and globally dispersed workforce, aimed to bolster its digital defenses and safeguard its valuable assets and reputation.

Successful Outcomes

Tiryaki achieved an annual Return on Investment (ROI) of $10,740.
The potential financial loss was reduced by $154,616 per year.
In just 12 months, Tiryaki's employees improved their ability to identify phishing attempts by 89%.

Unraveling the Consequences of Phishing Attacks

Without a structured defense against phishing, Tiryaki faced the risk of severe threats. Handling human risk, responsible for 95% of cybersecurity incidents, was especially challenging due to its vast international presence. The implications of these attacks are critical, as a single phishing incident can cost businesses an average of 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.

“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 seen a yearly ROI of $10.740 , prevented losses of $154,6167, protected customer data, and safeguarded our reputation.”

Mert Çakıcı - Security Manager at Tiryaki

Return on Investment (ROI)

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

Average Cost of Phishing Incident Response

Avg. time to respond to a Phishing incident

from 6 hours to 2 minutes

The average cost of one staff

$60 per hour

The cost of a single Phishing incident reduced

from $360 to $2

The average number of Phishing incidents reported per year

The total estimated cost savings are $10,740 annually (reducing the cost from $10,800 to $60).

How Keepnet Labs Stepped In:

With Keepnet Labs, 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 consistently trains 1,100 employees worldwide, sustaining high-security awareness.
In a year, employees showed an 89% success rate in identifying phishing attempts.
Incident reporting and follow-up processes became more efficient and swift.
Keepnet's training significantly alleviated employee stress related to phishing threats.
The training initiative transformed employees from potential victims to active defenders, bolstering Tiryaki's overall cybersecurity.

Strategic Results

Tiryaki achieved significant annual savings of $154,616.
The initiative mitigated potential regulatory non-compliance risks, boosting confidence.
Implementing robust security measures against phishing threats and an all-inclusive incident response plan fortified Tiryaki's defenses, protecting its assets and reputation.
The automated training program improved business productivity by minimizing the need for lengthy manual sessions.

Take Action Now

Ready to protect your employees from phishing threats and strengthen your organization's security? Connect with Keepnet Labs today and discover how our cutting-edge solutions can reinforce your cybersecurity defenses. Just as Tiryaki leveraged our expertise, we can assist you in creating a safe, secure, and resilient environment for your operations.