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As phishing attacks increase, preventing them from doing damage is proving costly for organizations. Phishing-related activities are consuming a third of the total time available to IT and security teams and costing organizations anywhere between $2.84 and $85.33 per phishing email, according to a new report by Osterman Research.

The report does not calculate the cost of damage caused by phishing, rather the productivity loss of IT and security teams.

On average, organizations spend 16-30 minutes dealing with each phishing email identified in their email infrastructure, said the report, commissioned by email security firm Ironscales.

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