What is the current state of safety culture in Europe?

For years, β€œpeople” have often been labeled as the barrier to cybersecurity. However, this generalization is an unfair statement. Whenever the concept of cybersecurity in the workplace comes up, many employees will think that cybersecurity is a technology issue and not something they should worry about. Another assumption is that the IT team will solve the problem. This assumption leads to potentially unsafe behavior and must be addressed to keep the entire organization secure, reduce the risk footprint and protect sensitive data. It is well documented that data is considered the lifeblood of a business. However, as the consumption of sensitive data increases, this increase is accompanied by the number of cyber attacks and breaches we see.

Javvad Malik

Lead security awareness champion at KnowBe4.

The current state of cybersecurity

Statistics show that the number of data breaches reached almost 3,000, with more than 8 billion record breaches by 2023. This resulted in the global average cost of a data breach reaching an all-time high of $4.45 million. However, global end-user spending on security and risk management is expected to total $215 billion by 2024, up 14.3% from last year.