Element Security Group Information

Many of Element Security Group's clients have invested heavily in security systems and software, such as firewalls and antivirus software; however, some have not adequately prepared for social engineering attacks. Social engineering, or the act of attacking the human element of security, poses a significant risk to businesses and organizations. The average cost of data breach is $7.2 million or $156 per compromised record. Almost half of all social engineering attacks involve some form of phishing (Cyber Attacks through Email). When dealing with targeted attacks, this number increases to over 90 percent! At the same time, social engineering prevention and testing is often overlooked. Less than 46 percent of companies perform any type of social engineering training or testing. As a cyber audit/security firm, Element Security Group helps its clients maintain an adequate control environment. As part of a layered defense strategy, Element Security Group can help them improve and test the human link of the security chain. Their stakeholders, clients, and regulators expect it and they need to protect their trade secrets and other business information. In addition, a data breach could be expensive, and negatively affect their reputation.