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The Top Findings from CYE's Cybersecurity Maturity Report 2023

In recent years, global cyberattacks have increased substantially, resulting in significant business loss, including financial and reputational damage. Meanwhile, corporate security budgets have risen sharply 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: Among countries, Norway scored the highest on overall cybersecurity maturity level, followed by Croatia and Japan. Although these countries do not have the substantial cybersecurity budgets of countries such as the US, UK, and Germany, they do have advanced regulatory systems. Other possible reasons that Norway, Croatia, and Japan took the lead include early cybersecurity adoption in these countries and unified planning by governments and organizations. This finding illustrates how large financial investments do not necessarily translate into high maturity levels. So what does this all mean? The report shows that overall, countries are making progress in terms of cybersecurity maturity, but there is still room for improvement. And while financial investment is important, it is not the only factor that contributes to a strong cyber posture. Other factors such as early adoption, advanced regulations, and unified planning also play a role.


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