NEW YORK – In 2022 alone, global cyberattacks increased by 38%, resulting in substantial business loss, including financial and reputational damage.

Meanwhile, corporate security budgets have risen significantly because of the growing sophistication of attacks and the number of cybersecurity solutions introduced into the market.

With this rise in threats, budgets, and solutions, how prepared are industries and countries to effectively address today’s cyber risk?

CYE’s new Cybersecurity Maturity Report 2023 tackles this question by shedding light on the strength of cybersecurity in different sectors, company sizes, and countries. It highlights which industries and countries have the most robust cyber postures and which are lagging, as well as the most prevalent vulnerabilities in today’s cyber threat landscape.

The analysis is based on two years’ worth of data, collected from over 500 organizations in 15 countries, and spanning 11 industries and a range of company sizes. It measures cybersecurity maturity across seven different security domains, including application level security, network level security, identity management and remote access, and more.

Here are the top findings:

Finding #1: Larger Budgets Don’t Necessarily Mean Better Cybersecurity

Finding #2: Tech Companies Score Average

Finding #3: Small and Medium Organizations Score Higher Than Large Organizations

Finding #4: Nearly One-Third of Companies Lack Effective Password Policies

Details at Hacker News