Ponemon Institute is pleased to present the results of the Cost of Phishing and

Value of
Employee Training study sponsored by Wombat Security. The purpose of this resear
ch is to
understand how training can reduce the financial consequences of phishing in the
workplace.
The research reveals the majority of costs caused by successful phishing attacks
are the result of
the loss of employee productivity. Based on the analysis described later in this
report, we
extrapolate an average improvement of 64% from six proof of concept training pro
jects. This
improvement represents the change in employees who fell prey to phishing scams i
n the
workplace before and after training.
As a result of effective training provided by Wombat, we estimate a cost savings
of $1.8 million or
$188.4 per employee/user. If companies paid Wombat s standard fee of $3.69 per use
r for a
program for up to 10,000 users, we determine a very substantial net benefit of $
184.7 per user
for a remarkable one-year rate of return at 50X