Security News > 2022 > February > What hyper-growth companies all have in common: They prioritize cybersecurity
What hyper-growth companies all have in common: They prioritize cybersecurity.
Beyond Identity defines hyper-growth companies as those with a growth rate above 40% annually, and found that hyper-growth companies were more likely than standard-growth organizations to be proactive toward cybersecurity threats, as well as to more frequently discuss the importance of security.
In addition to proactivity and prioritization, hyper-growth companies are more likely to educate their employees on cybersecurity, secure their hardware, create a security-focused work culture and invest in cybersecurity insurance.
Seventy percent of hyper-growth companies implemented employee cybersecurity education programs after a breach, while only 45% of standard growth companies did so.
Hyper-growth companies were also far more likely to create a security-focused culture and invest in cybersecurity insurance, which may be part of the reason behind reduced breach costs.
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