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Big companies fight against cyber threats

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TLDR:

  • Large businesses struggle more with cybersecurity than smaller businesses, according to a survey by IDEE.
  • 74% of large businesses find it more challenging to defend against cyber attacks since the rise of remote and hybrid working.

Large businesses are finding it significantly more difficult to manage their cybersecurity than smaller counterparts, according to new research from passwordless authentication company IDEE. The survey of more than 500 IT and cybersecurity professionals within UK businesses revealed that 74 percent of respondents from large businesses believe it has become far more challenging to defend against cyber attacks since the Covid-induced rise of remote and hybrid working, compared to only 50 percent of respondents from small businesses. This is attributed to a lack of skills and knowledge, with 68 percent of large businesses naming it as a major cyber security challenge compared to 36 percent among small businesses.

Additionally, 74 percent of large businesses see human error as the greatest threat to their cybersecurity, while only 41 percent of small businesses share this concern. Large businesses also have a better understanding of the financial costs associated with a cyber breach, with 92 percent of respondents from large businesses acknowledging these costs compared to 73 percent of respondents from small businesses.

Al Lakhani, CEO of IDEE, highlighted the struggles faced by large businesses, which include more employees, systems, and a reliance on legacy IT. He emphasized the need to eliminate credentials-based attacks and transition towards a digitally secure future built on transitive trust and identity proofing. The data from the survey underscores the importance of cybersecurity awareness and proactive measures for both large and small businesses.


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