Organizations Experiencing Attacks Rises by 35% as Most Consider Themselves Cyber-Novices



hiscox-1An increase in attacks should equate to a rise in organizational cyber-preparedness. But according to new research from U.K. cyber insurer Hiscox, organizations simply aren’t ready.

Each year, Hiscox puts out an annual Cyber Readiness Report. This year’s report is chock full of valuable high-level data around organizational preparedness when it comes to cyber incidents. One of the common themes is the fact that organizations across the spectrum size, geo, and industry are seeing rises in cyber attack. And yet, they still aren’t ready for the next one.

According to the report:

  • The percentage of organizations experiencing a cyber incident rose from 45% in 2018 to 61% in 2019
  • The cost of cyber incidents also rose by 61% into 2019
  • The average cost of the most significant cyber incident an organization experienced in the last year jumped nearly a whopping 6 times from $34K in 2018 to just under $200K in 2019

These undeniably massive jumps in attacks and associated costs should certainly warrant organizations betting themselves ready for the next attack. And yet, according to the report, a whopping 74% of organizations consider themselves “novices” when it comes to cyber security. Only 10% ranked themselves as experts, demonstrating that organizations are likely more reliant on security solutions than on having in-house expertise.

One last increase mentioned in this report is the making of Security Awareness Training a priority for cybersecurity budget spend. With 39% (up 15% from last year) of organizations planning on spending budget on improving their user’s understanding of attacks and the user’s role in stopping them, this added security layer will help to improve an organization's security stance, while helping to create a culture of security.


Free Phishing Security Test

Would your users fall for convincing phishing attacks? Take the first step now and find out before the bad guys do. Plus, see how you stack up against your peers with phishing Industry Benchmarks. The Phish-prone percentage is usually higher than you expect and is great ammo to get budget.

PST ResultsHere's how it works:

  • Immediately start your test for up to 100 users (no need to talk to anyone)
  • Customize the phishing test template based on your environment
  • Choose the landing page your users see after they click
  • Show users which red flags they missed, or a 404 page
  • Get a PDF emailed to you in 24 hours with your Phish-prone % and charts to share with management
  • See how your organization compares to others in your industry

Go Phishing Now!

PS: Don't like to click on redirected buttons? Cut & Paste this link in your browser:

https://www.knowbe4.com/phishing-security-test-offer

Subscribe To Our Blog


Domain Spoof Test Contest




Get the latest about social engineering

Subscribe to CyberheistNews