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    KNBE   US49926T1043

KNOWBE4, INC.

(KNBE)
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Delayed Nasdaq  -  05/20 04:00:00 pm EDT
15.81 USD   +4.84%
05/18KNOWBE4, INC. : Submission of Matters to a Vote of Security Holders (form 8-K)
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05/17Deputy Directors from Kenyan Ministry of ICT and ICT Authority along with INTERPOL's Director of Cybercrime to speak at CyFrica 2022
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05/13UBS Adjusts KnowBe4 Price Target to $19 From $26, Maintains Neutral Rating
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Remote Working & Cybersecurity in Africa Digging down into the security risks and essential business considerations that should define how organisations approach remote working security across Africa

01/19/2022 | 01:16am EDT

In 2021, KnowBe4 (www.KnowBe4.com), Lynchpin and ITWeb conducted surveys (https://bit.ly/3qBLiml) across Nigeria, South Africa and Kenya to unpack how remote working was influencing the security paradigm for organisations. The survey found that a significant percentage of companies will very likely continue leveraging remote working. At the time of writing the report, 57% of organizations in South Africa, 29% in Kenya and 32% in Nigeria will continue with remote working on a flexible basis, As Anna Collard, SVP of Content Strategy and Evangelist for KnowBe4 Africa points out, remote working may have become an invaluable tool for the organisation, but it comes with a security caveat — people have to be properly trained to recognise the risks inherent in online interactions.

"One of the immediate defences against cybercrime is an employee that has been well-trained and understands how to spot and report cyber threats," she adds. "People should know what a social engineering attack looks like, and why they should not click on links or open attachments. While many respondents in the survey believed that their remote workers were adequately trained to withstand social engineering attacks, a significant percentage was unsure as to how well their people would react to a security threat. And this points to an urgent need for security training."

People are both the problem and the solution. On one hand, they are the human firewall that can stand against the threats and play a huge role in mitigating security risks. On the other, they can be the vulnerability that bypasses the complex and expensive security by simply clicking on a link, or succumbing to a phishing attempt. Companies that are focusing on hybrid or remote working frameworks going forward will have to put training at the forefront of their policies and planning. Ultimately, a breach could cost them financially and reputationally — particularly now, in the era of rigorous protection of personal information legislation — and poor user behaviour is a leading cause of security incidents across the three countries. While the number of security incidents experienced by companies overall dropped in 2021, those attacks that got through used phishing, social engineering, ransomware and malware. Unintentional data leaks sat in the third position in South Africa alongside credential theft, while Kenya battled with phishing and ransomware. Nigeria’s biggest problems were social engineering and phishing.

"Companies across Nigeria, Kenya and South Africa have also struggled with insecure home Wi-Fi networks and people sharing their corporate devices with family and friends," says Collard. "The pandemic threw everyone in the deep end in 2020, and they all spent 2021 learning how to swim. Now, in 2022, it is time to redefine and reshape how the organisation manages security and remote working as effectively and dynamically as possible."

This means that companies need to refine their security awareness processes alongside providing training and education. The first step is to invest in robust security policies that outline the risks, and that inform users how to report and act when faced with a potential cyberattack. The simpler and more straight forward those processes and tools are, the higher the probability that people will play their part. While the report found that most companies have put a lot of time and effort into shoring up the security walls, many do not prioritise it as much as they should — often cutting security budgets and leaving IT teams with limited resources.

"The reality is that cybersecurity is a constantly evolving landscape that expects organisations to evolve along with it," concludes Collard. "As remote working gains traction and stability, cybercriminals are going to exploit every weakness they can find — from a poorly secured home network to a badly trained employee. This is the perfect time to establish a security culture within the business and prioritise its value and importance."

Go here for a copy of the full report. https://bit.ly/3qBLiml


Distributed by APO Group on behalf of KnowBe4.

© African Press Organization, source Press Releases

All news about KNOWBE4, INC.
05/18KNOWBE4, INC. : Submission of Matters to a Vote of Security Holders (form 8-K)
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05/17Deputy Directors from Kenyan Ministry of ICT and ICT Authority along with INTERPOL's Di..
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05/13UBS Adjusts KnowBe4 Price Target to $19 From $26, Maintains Neutral Rating
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05/11Needham Adjusts KnowBe4's Price Target to $23 from $40, Keeps Buy Rating
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05/11Morgan Stanley Lowers Price Target for KnowBe4 to $24 From $26, Maintains Equalweight R..
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05/11Goldman Sachs Lowers Price Target for KnowBe4 to $28 From $32, Maintains Buy Rating
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05/11Citigroup Lowers KnowBe4's Price Target to $19 From $25, Neutral Rating Kept
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05/10KNOWBE4, INC. Management's Discussion and Analysis of Financial Condition and Results ..
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05/10TRANSCRIPT : KnowBe4, Inc., Q1 2022 Earnings Call, May 10, 2022
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Financials (USD)
Sales 2022 332 M - -
Net income 2022 -8,96 M - -
Net cash 2022 335 M - -
P/E ratio 2022 1 270x
Yield 2022 -
Capitalization 2 768 M 2 768 M -
EV / Sales 2022 7,32x
EV / Sales 2023 5,59x
Nbr of Employees 1 366
Free-Float 39,6%
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Number of Analysts 12
Last Close Price 15,81 $
Average target price 24,83 $
Spread / Average Target 57,1%
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Managers and Directors
Stu Sjouwerman Chairman & Chief Executive Officer
Lars Letonoff Co-President & Chief Revenue Officer
Robert Francis Reich Chief Financial Officer
Gerhard Watzinger Independent Director
Kara Wilson Independent Director
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