Cybersecurity Training Lags, While Hackers Capitalize on COVID-19

Cyber security during covid

They say crime doesn’t pay. But when we’re talking about cybercrime, the numbers tell a different story. Damages relating to cybercrime are expected to reach a value of $6 trillion in 2021 alone. And with the rise of remote work due to the COVID-19 pandemic, companies are in hackers’ crosshairs more than ever before.

Ninety percent of companies faced an increase in cyberattacks due to the pandemic, according to a survey of 1,000 CXO’s conducted in June 2020. Even more alarmingly, 93% of these CXO’s said they were forced to delay security projects in order to help manage their company’s transition to remote work.

TalentLMS partnered with Kenna Security, an industry-leading penetration testing and vulnerability management firm, to survey 1,200 employees on their cybersecurity habits, knowledge of best practices, and ability to recognize security threats. Here are some of the staggering results that offer some explanation as to why cybercrime has grown into such a lucrative business:

  • 69% of respondents have received cybersecurity training from their employers, and yet, when we asked them
    to take a basic quiz, 61% failed
  • Only 17% of surveyed employees working in information services passed the quiz, compared to 57% of healthcare
  • 59% of employees received cybersecurity training in response to the rise in remote work as a result of the COVID-19
  • 60% of employees who failed our cybersecurity quiz report that they feel safe from threats
  • More employees store their passwords in plaintext than those that keep them in password managers
  • Office employees report feeling safer from cybersecurity threats than remote ones, but have much worse security habits
  • Experts offer advice on how to improve cybersecurity training initiatives for better results

You can see the complete report here: