A global research project which targeted 350 companies worldwide revealed that 83 per cent expressed fears over cybersecurity issues. KnowBe4's What Keeps You Up at Night – The 2019 Report shows increases in the frequency of ransomware, phishing and crypto jacking attacks were experienced by businesses of nearly every size.
Key findings in the KnowBe4 report are:
• 92 per cent of organisations rank users as their primary security concern. And at the same time, security awareness training along with phishing testing topped the list of security initiatives that organisations need to implement.
• Organisations today have a large number of attack vectors to prevent, monitor for, detect, alert and remediate; in terms of attacks, 95 per cent of organisations are most concerned with data breaches.
• Ensuring security is in place to meet GDPR requirements is still a challenge for 64 per cent of organisations, despite the regulation details being out for quite some time.
• Attackers’ utilisation of compromised credentials is such a common tactic, 93 per cent of organisations are aware of the problem, but still have lots of work to do to stop it.
• When it comes to resources, 75 per cent of organisations do not have an adequate budget.
“2018 was a prolific year for successful cyberattacks, and many of them were caused by human error,” said Stu Sjouwerman, CEO of KnowBe4. “IT organisations are tasked with establishing and maintaining a layered security defence. The largest concern, as demonstrated again in this report, is employees making errors. Organisations must start with establishing a security culture, and in order to combat the escalation of social engineering, they have to ensure users are trained and tested.”
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