RECENT STORIES:

Addressing digital sovereignty in a data-driven world
Masverse Partners with Interstream to Deliver Next-Gen Public-Permissi...
NYSE Content Advisory: Pre-Market update + McGraw Hill, Accelerant IPO...
Duty-free product categories to increase thanks to Hainan FTP independ...
Pop Culture Strategy Partners with Macau Platinum to Invest Heavily in...
Yiren Digital Releases its 2024 ESG Report: AI Deepens Sustainable Pra...
LOGIN REGISTER
DigiconAsia
  • Features
    • Featured

      Digital innovation for food safety and sustainability in S E Asia

      Digital innovation for food safety and sustainability in S E Asia

      Wednesday, July 23, 2025, 1:29 PM Asia/Singapore | Features
    • Featured

      Asia the true testbed for AI agents

      Asia the true testbed for AI agents

      Wednesday, July 16, 2025, 2:42 PM Asia/Singapore | Customer Experience, Features
    • Featured

      Appreciating AI means honoring accountability and integrity, beyond commercial hype

      Appreciating AI means honoring accountability and integrity, beyond commercial hype

      Tuesday, July 15, 2025, 2:23 PM Asia/Singapore | Features, Newsletter
  • News
    • Featured

      Europe’s voluntary AI code faces industry pushback as implementation of sweeping new law nears

      Europe’s voluntary AI code faces industry pushback as implementation of sweeping new law nears

      Wednesday, July 23, 2025, 3:02 PM Asia/Singapore | News, Newsletter
    • Featured

      Operationalizing sustainability in cybersecurity: Group-IB’s approach

      Operationalizing sustainability in cybersecurity: Group-IB’s approach

      Monday, July 21, 2025, 11:31 AM Asia/Singapore | Case Studies, News, Newsletter
    • Featured

      Chatbot’s NAZI controversy prompts overhaul and new hallucinations features

      Chatbot’s NAZI controversy prompts overhaul and new hallucinations features

      Tuesday, July 15, 2025, 3:42 PM Asia/Singapore | News, Newsletter
  • Perspectives
  • Tips & Strategies
  • Whitepapers
  • Awards 2023
  • Directory
  • E-Learning

Select Page

News

In 2024, humans were still the weakest link in cybersecurity: meta-analysis

By DigiconAsia Editors | Monday, February 10, 2025, 1:45 PM Asia/Singapore

In 2024, humans were still the weakest link in cybersecurity: meta-analysis

One cybersecurity firm has used secondary research to recommend prevention, security-first culture, and partnerships with cyber experts and insurers as remedies

In referencing various reports* on the cost of cyberattacks and their impact on insurance-industry coverage trends, a cybersecurity (and cyber training) firm has disclosed some secondary research in its own report.

First, the data from the various sources has been interpreted to point out that “insurers are increasingly looking for strong security measures when determining coverage and premiums” and the potential effectiveness of “ongoing security awareness training in reducing an organization’s vulnerability to attacks.”

Second, the meta-analysis suggests that cyberattack expenses are escalating rapidly, extending beyond immediate disruptions to include legal fees, fines, and reputational harm — “highlighting the urgent need for robust risk management.”

Other findings

Third, based on the premise that cyber threats rank as the top global concern (with social engineering and phishing leading the way), the report highlights the need for strengthened human defenses against these targeted attacks. Also:

  • Small- and medium- sized enterprises mentioned in the data analyzed had faced disproportionate impacts from cyber incidents. While the average costs of the latter incidents were comparatively lower, the financial consequences could be more severe, thereby requiring “tailored security strategies”.
  • Expanding data privacy laws mentioned in the reports analyzed were seen to be driving a surge in class action lawsuits, especially in the US, with potential growth in Europe.
  • Human factors were concluded to be the most vulnerable aspect of cybersecurity, accounting for 75% of data breaches in the third-party reports used for analysis.
  • The report authors suggest the need for a “multi-faceted approach that combines cutting-edge cybersecurity measures with comprehensive insurance coverage. A focus on prevention, security culture and education is critical, coupled with strategic partnerships between businesses, insurers and cybersecurity experts.”

According to Stu Sjouwerman, CEO, KnowBe4, the firm that reported its analysis: “Organizations, regardless of size, must adopt a proactive and comprehensive approach to cybersecurity. Cybersecurity cannot remain an isolated IT function. Instead, it must be embraced as a core component of organizational strategy, ensuring that technological risk management is backed by informed human defenses and comprehensive risk management practices, including cyber insurance.”

*The 2024 IBM Cost of a Data Breach 2 report, the 2024 Coalition Cyber Claims Report; the 2024 NetDiligence Cyber Claims Study, among other papers on cyber insurance matters. Note that reports containing the year 2024 are projections based on actual 2023 or earlier data.

Share:

PreviousEnhancing space weather forecasting with explainable AI: Japan Aerospace Exploration Agency
NextMorgan Stanley claims first-mover advantage in integrating third-party payment infrastructure

Related Posts

Ongoing uncertainty surrounds monetization of 5G Technology in some major markets: analysis

Ongoing uncertainty surrounds monetization of 5G Technology in some major markets: analysis

March 24, 2025

Restoring lost customer trust: An insider’s guide to fintech industry rehabilitation

Restoring lost customer trust: An insider’s guide to fintech industry rehabilitation

July 22, 2025

Moving on from the AI hype, what three trends can we expect for the region?

Moving on from the AI hype, what three trends can we expect for the region?

January 8, 2025

To capitalize on AI, make sure you feed it clean, verified and holistic data

To capitalize on AI, make sure you feed it clean, verified and holistic data

February 27, 2024

Leave a reply Cancel reply

You must be logged in to post a comment.

Awards Nomination Banner

gamification list

PARTICIPATE NOW

top placement

Whitepapers

  • Achieve Modernization Without the Complexity

    Achieve Modernization Without the Complexity

    Transforming IT infrastructure is crucial …Download Whitepaper
  • 5 Steps to Boost IT Infrastructure Reliability

    5 Steps to Boost IT Infrastructure Reliability

    In today's fast-evolving tech landscape, …Download Whitepaper
  • Simplify Payroll Setup for Your Small Business

    Simplify Payroll Setup for Your Small Business

    In our free guide, "How …Download Whitepaper
  • Overcoming the Challenges of Cost & Complexity in the Cloud-first Era.

    Overcoming the Challenges of Cost & Complexity in the Cloud-first Era.

    Download Whitepaper

Middle Placement

Case Studies

  • Operationalizing sustainability in cybersecurity: Group-IB’s approach

    Operationalizing sustainability in cybersecurity: Group-IB’s approach

    See how the firm turned …Read More
  • Roojai Insurance (Thailand) doubles agent productivity through digital transformation

    Roojai Insurance (Thailand) doubles agent productivity through digital transformation

    Roojai Insurance (Thailand) doubles agent …Read More
  • Malayan Insurance achieves IFRS 17 readiness with SAS

    Malayan Insurance achieves IFRS 17 readiness with SAS

    A leading Philippines non-life insurer …Read More
  • How Iress is moving to EveryOps

    How Iress is moving to EveryOps

    Scaling compliance, security & efficiency …Read More

Bottom Sidebar

Other News

  • Masverse Partners with Interstream to Deliver Next-Gen Public-Permissioned Blockchain and Analytics Solutions for Malaysia’s Digital Economy

    July 24, 2025
    KUALA LUMPUR, Malaysia, July 24, …Read More »
  • NYSE Content Advisory: Pre-Market update + McGraw Hill, Accelerant IPO on NYSE

    July 24, 2025
    NEW YORK, July 24, 2025 …Read More »
  • Duty-free product categories to increase thanks to Hainan FTP independent customs operations

    July 24, 2025
    HAIKOU, China, July 24, 2025 …Read More »
  • Pop Culture Strategy Partners with Macau Platinum to Invest Heavily in Creating a New Benchmark for Global Distribution of Chinese Short Dramas

    July 24, 2025
    XIAMEN, China, July 24, 2025 …Read More »
  • Yiren Digital Releases its 2024 ESG Report: AI Deepens Sustainable Practices Across the Board

    July 24, 2025
    BEIJING, July 24, 2025 /PRNewswire/ …Read More »
  • Our Brands
  • CybersecAsia
  • MartechAsia
  • Home
  • About Us
  • Contact Us
  • Sitemap
  • Privacy & Cookies
  • Terms of Use
  • Advertising & Reprint Policy
  • Media Kit
  • Subscribe
  • Manage Subscriptions
  • Newsletter

Copyright © 2025 DigiconAsia All Rights Reserved.