Phishing isn't just annoying spam—it's a $4.8 million problem. That's the average cost of a phishing-related data breach in 2025, according to IBM's Cost of a Data Breach Report. And phishing accounts for 16% of all data breaches, making it the most common initial attack vector.
Anatomy of Breach Costs
When a phishing attack succeeds, the costs extend far beyond the immediate damage:
Case Study: One Click, Millions Lost
A mid-size manufacturing company learned this lesson the hard way. Here's what happened:
Preventing the $4.8 Million Click
Organizations can significantly reduce phishing risk with these measures:
Would have detected employee credentials in previous breaches, enabling proactive password resets.
Stolen credentials alone wouldn't grant access. Blocks 99.9% of account compromises.
Out-of-band verification for payment changes would have caught the fraudulent invoice.
Employee would have recognized phishing red flags and reported instead of clicking.