NEWS
NEWS
KnowBe4 research highlights cybersecurity confidence gap
Anew KnowBe4 survey, Security Approaches Around the Globe: The Confidence Gap, reveals a disparity between employee confidence and actual cybersecurity awareness, putting organisations at increased risk.
The research indicates that while 86 % of employees believe they can identify phishing emails, nearly half have fallen victim to scams.
The study, which surveyed professionals across the UK, USA, Germany, France, Netherlands and South Africa, found that South Africa reported the highest scam victimisation rate, despite also
having high confidence levels. This suggests that misplaced confidence can create a false sense of security. The report also emphasises the importance of a transparent security culture, noting that while 56 % of employees feel comfortable reporting security concerns, one in 10 still hesitate.
“ Overconfidence fosters a dangerous blind spot – employees assume they are scam-savvy when, in reality, cybercriminals can exploit more than 30 susceptibility factors, including psychological and cognitive biases, situational awareness gaps, behavioural tendencies and even demographic traits,” said Anna Collard, SVP Content Strategy and Evangelist, KnowBe4.
“ With phishing, AI-driven social engineering and deepfake scams evolving rapidly, organisations must counteract misplaced confidence with hands-on, scenario-based training. True cyber-resilience comes not from assumed knowledge but from continuous education, real-world testing and an adaptive security mindset.”
KnowBe4’ s findings underscore the need for personalised and adaptive training that addresses individual employee needs and evolving cybertactics. The company argues that organisations prioritising this approach will not only reduce risk but also cultivate a genuine security-first culture.
Froda raises € 20 million to accelerate embedded SME finance across Europe
Embedded finance player, Froda, has secured a € 20 million investment to fuel its European expansion and provide more SMEs with seamless, data-driven financing. The Series B round was led by Incore Invest, with strong continued backing from the majority of existing investors.
The raise comes at a time when FinTech fundraising has slowed significantly, with many players struggling to attract equity. The investment underscores growing investor confidence in embedded finance as a model for scalable and sustainable
FinTech growth. The € 20 million investment will be poured into scaling Froda’ s operations, onboarding new embedded finance partners and expanding into additional European markets.
“ We’ re in the middle of a pivotal growth phase for Froda and seeing strong demand from both new and existing partners across Europe. With Incore Invest’ s backing, we can accelerate our growth and scale our partnerships to continue supporting SMEs with the financing they need,” said Olle Lundin, Co-founder and CEO at Froda. �
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