Report: Only 26% of Europe’s Top Companies Earn a High Rating for Cybersecurity

Summary: The approaching deadline for the EU’s Digital Operational Resilience Act (DORA) poses significant cybersecurity challenges for Europe’s top companies, with many facing vulnerabilities from third-party breaches. A report by SecurityScorecard reveals that companies with higher cybersecurity ratings are significantly less likely to experience breaches.

Threat Actor: Cyber Criminals | cyber criminals
Victim: European Companies | European companies

Key Point :

• Companies with an A rating are 13.8 times less likely to experience a breach compared to those with an F rating.
• 98% of European companies faced third-party breaches in the past year, highlighting vulnerabilities in supply chains.
• Only 26% of Europe’s top 100 companies achieved an A rating for cybersecurity resilience.
• 75% of companies in the energy sector received a C rating or below, indicating significant security challenges.
• Scandinavian companies lead in cybersecurity ratings, while France has the highest rates of third-party vendor breaches.
• Larger companies tend to have higher security ratings than smaller firms, emphasizing the need for strong cyber defenses across all sizes.
• Improving cybersecurity hygiene is crucial as nearly all European companies have faced third- and fourth-party breaches.