|Bid||39.50 x 1000|
|Ask||0.00 x 900|
|Day's Range||40.95 - 42.99|
|52 Week Range||25.14 - 54.40|
|Beta (5Y Monthly)||1.22|
|PE Ratio (TTM)||524.18|
|Earnings Date||Nov 02, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||57.06|
‘Check the Box’ Awareness Training has Little Impact on an Organization’s Security PostureLEXINGTON, Mass., Oct. 27, 2020 (GLOBE NEWSWIRE) -- Mimecast Limited (NASDAQ: MIME), a leading email security and cyber resilience company, today released new research which highlights the risky behavior of employees using company-issued devices. More than 1,000 respondents in countries throughout the globe were asked about their use of work devices for personal activities and how aware they are of today’s cyber risks. The results highlighted the need for better awareness training, as people are clicking on links or opening suspicious emails despite having been trained. Earlier this year, an urgent request for IT teams across the globe was to ensure the efficient issuance of laptops and other computing devices to employees, as much of the workforce started working remote due to the novel coronavirus pandemic (COVID-19). A key priority for IT professionals was to then ensure their IT and security policies were ready for the rush to remote work.The Blurring of Personal and Professional LifeMimecast’s research found that 73% of respondents extensively use their company-issued device for personal matters, with nearly two-thirds (60%) admitting to an increase in frequency since starting to work remote. The most common activities were checking personal email (47%), carrying out financial transactions (38%) and online shopping (35%). According to the State of Email Security 2020 report, personal email and browsing the web/shopping online were already two areas of major concern for IT professionals. Seventy-three percent said there was a risk to checking personal email as the cause of a serious security mistake, and 69% thought surfing the web or online shopping could likely cause an incident.Awareness Training Doesn’t Always Mean Correct BehaviorEncouragingly, 96% of respondents claim to be aware that links in email, on social media sites and on websites can potentially infect their devices. Sixty-four percent have even received special cybersecurity awareness training related to working from home during the pandemic. However, this doesn’t always translate into putting this knowledge into practice. Nearly half (45%) of survey respondents admitted to opening emails that they considered to be suspicious. The same percentage admitted to not reporting suspicious emails to their IT or security teams. The research also highlights themes of a strong disconnect in certain countries. The US and UAE both had the majority of respondents (78% and 81% respectively) stating that they’ve had special awareness training this year, yet 60% (USA) and 61% (UAE) still opened emails they considered to be suspicious.“This research shows that while there is a lot of awareness training offered, most of training content and frequency is completely ineffective at winning the hearts and minds of employees to reduce today’s cyber security risks,” said Josh Douglas, vice president of threat intelligence. “Better training is crucial to avoid putting any organization at risk. Employees need to be engaged, and trainings need to be short, visual, relevant and include humour to make the message resonate. In fact, Mimecast has found that end-users who have taken Mimecast Awareness Training are 5.2 times less likely to click on dangerous links. Awareness training can’t be just another check-the-box activity if you want a security conscious organization.”The Younger Generation Can Be an Organization’s Greatest RiskDespite being the most tech savvy generation, younger workers may be putting organizations at greater risk. Surprisingly almost 60 percent of the 16-24 age group admitted to opening emails even though they looked suspicious. This group is also more guilty of blurring the lines between their business and personal usage of these devices. Seventy-nine percent of the 16-24 age group reported using their issued devices for personal use, while only 42% of the older - 55+ - group admitted the same.“Security professionals need to ensure their organization isn’t growing more exposed as threats evolve to better target the unsuspecting,” commented Douglas. “With everyone’s home becoming their new office, classroom and place of residence, it’s not really a surprise that employees are using their company-issued devices for personal use. However, this is also a big opportunity for threat actors to target victims in new ways. We’ve seen attacks become more aggressive and the attack surface has expanded due to the new ‘WFH’ or hybrid work environments.”Respondents averaged 1.9 hours of personal activity on their work devices a day, with almost a quarter (22%) clocking more than 3 hours of non-work-related screen time.The research also revealed how habits differ between males and females. Seventy-eight percent of men reported using their corporate device for personal business versus 65% of women.MethodologyData was collected by Censuswide in September 2020 with more than 1,000 respondents from organizations in the United Kingdom, United States (US), Australia, South Africa, Netherlands, Germany, Canada and United Arab Emirates (UAE). Organizations included have greater than 100 employees and currently have a company-issued mobile device, laptop or computer for work.Download the full Company-Issued Computers: What are Employees Really Doing with Them? eBook.Mimecast: Relentless protection. Resilient world.™ Mimecast (NASDAQ: MIME) was born in 2003 with a focus on delivering relentless protection. Each day, we take on cyber disruption for our tens of thousands of customers around the globe; always putting them first, and never giving up on tackling their biggest security challenges together. We are the company that built an intentional and scalable design ideology that solves the number one cyberattack vector – email. We continuously invest to thoughtfully integrate brand protection, security awareness training, web security, compliance and other essential capabilities. Mimecast is here to help protect large and small organizations from malicious activity, human error and technology failure; and to lead the movement toward building a more resilient world. Learn more about us at www.mimecast.com.Mimecast Social Media Resources LinkedIn: Mimecast Facebook: Mimecast Twitter: @Mimecast Blog: Cyber Resilience InsightsPress Contact Alison Raymond Walsh Press@Mimecast.com 617-393-7126Investor Contact Robert Sanders Investors@Mimecast.com 617-393-7074
Mimecast (MIME) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Today we will run through one way of estimating the intrinsic value of Mimecast Limited (NASDAQ:MIME) by taking the...