Which of the following best describes the impact of phishing attacks on organizations?

Phishing attacks are designed to deceive individuals into divulging sensitive information, which can have significant repercussions for organizations. When successful, these attacks can lead to financial losses through theft or fraud, as attackers may gain access to company bank accounts or credit card information. Additionally, the fallout can include data breaches where sensitive company information, customer data, or intellectual property is compromised, leading to regulatory fines and damage to the organization’s reputation.

This helps to illustrate the serious nature of phishing attacks, emphasizing that their impact extends beyond the individual employee to affect the organization as a whole, leading to costly and disruptive outcomes. In contrast, other options suggest benefits or limited impacts that do not accurately represent the realities of phishing attacks.