Cybersecurity training lags, while hackers capitalize on COVID-19

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:

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