Week 4: The Threat from Within: 71% of Business Leaders Surveyed Think Next Cybersecurity Breach Will Come from the Inside

The news is overloaded with cybercriminals breaching into the corporate world and the public sector, whether it's a database breach or an application hacked, or a network hacked, reports all over the world sound the alarm. The article survey highlights the fact that executives are concerned about internal errors (71%), as much as they are concerned about external hacking (75%). Furthermore, 23% of executives are apprehensive about malicious employees working within their corporation.

A survey made in 2022 found that only 51% of the surveyed company are somewhat prepared in case of a breach, whereas only 39% feel confident about their abilities to counter cyberattacks. In addition, only 50% of the surveyed entities conduct cybersecurity training frequently, whereas 31% stated that they never held one. A large majority said they will keep the same IT budget, and 21% said they will lower their budget.

The lack of training opportunities (31%) is appalling as cyber threats evolve every day and there is a need to update and train employees regarding the matter. Another surprising fact is that 21% of companies will be lowering their budget for cybersecurity. 

Reference:

https://finance.yahoo.com/news/threat-within-71-business-leaders-140400701.html