53% of Organizations Experienced Cyber Attacks

Cyberattacks Continue Because Users ForgetAs increasing percentages of businesses experience cyberattacks, new data provides details on where the most organizational risk lies.

According to U.K. cyber insurer Hiscox’s Cyber Readiness Report 2023, attacks are on the rise:

  • 53% of organizations have experienced a cyber attack, up from 48% last year
  • 7 in 10 enterprise organizations were victims of an attack, up from 62% last year
  • “Exposure to a cyber attack” is now ranked as the number one business risk

With these increases, how prepared are organizations? According to Hiscox, organizations are spending money on the problem; the median cybersecurity spend is a little over $1.39 million (with enterprises spending $4.9 million).

But in the United States, only 4% of organizations consider the maturity of their cybersecurity efforts to be at an “Expert” level. Even so, the percentage of organizations who believe their cyber risk has decreased rose from 12% to 16%, demonstrating increased confidence.

So, what risks are organizations still worried about?

Nearly a third (32%) of those who considered their risk exposure having gone up in the past 12 months said one reason was the greater number of employees working remotely. With users being one of the primary concerns in elevated risk, it’s necessary to include security awareness training as part of the cyber readiness strategy to reduce the risk of attack via phishing and/or social engineering.

KnowBe4 enables your workforce to make smarter security decisions every day. Over 65,000 organizations worldwide trust the KnowBe4 platform to strengthen their security culture and reduce human risk.

Request A Demo: Security Awareness Training

products-KB4SAT6-2-1New-school Security Awareness Training is critical to enabling you and your IT staff to connect with users and help them make the right security decisions all of the time. This isn't a one and done deal, continuous training and simulated phishing are both needed to mobilize users as your last line of defense. Request your one-on-one demo of KnowBe4's security awareness training and simulated phishing platform and see how easy it can be!

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