KnowBe4, provider of the most popular platform for security awareness training and simulated phishing, along with Cybersecurity Ventures, a leading research and marketing intelligence firm focused on the cybersecurity industry, have released a joint market report examining the state of spending in the overall security awareness training market.
According to Steve Morgan, founder and editor-in-chief at Cybersecurity Ventures, security awareness training will become a multi-billion dollar industry in 2017. Additionally, he further projects that by 2021 Fortune 500 and Global 2000 corporations will consider security awareness training as ‘fundamental’ to their cyber-defense strategies, with small businesses following shortly thereafter. “Security awareness training for employees is the most under spent sector of the cybersecurity industry,” says Morgan.
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