Security News > 2023 > October > Cybersecurity preparedness pays big dividends for businesses

Businesses are taking cybersecurity more seriously by boosting resources and preparedness, according to GetApp.

While there is still work to be done, increased investments and training are likely behind these impressive gains: the study shows that, since last year, phishing links clicked by workers decreased 25% while ransomware attacks dropped 30%. However, the report finds that only 34% of businesses are training staff on social engineering techniques.

Ransomware attacks have dropped from 53% to 37% year over year, while the rate of victims paying the ransom has plummeted from 67% to 36%. This can be attributed to a sharp rise in businesses decrypting ransomware on their own, along with rising adoption of incident response plans.

Only 16% of businesses allow employees access to all company data, a drop of more than 50% from 2022.

The number of businesses that provide security awareness training every six months has more than doubled over the last four years and continues to increase at a steady pace.

"It's encouraging to see businesses put more resources into data security and it appears to be paying off-but only time will tell if we're witnessing the start of long-term reversal, or if cybercrime gangs are laying low amid increased scrutiny while readying for a resurgence," says Zach Capers, senior security analyst at GetApp.

News URL

https://www.helpnetsecurity.com/2023/10/04/businesses-cybersecurity-preparedness/