Corpay State of Business Cybersecurity Report Finds Funds Lacking to Prevent Hacking

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While cyberattacks are down for several consecutive quarters at Corpay, the corporate payments company remains on high alert for bad actors with the worst possible intentions. Whether a company has enjoyed the good fortune of declining cyberattacks like Corpay or has been compromised repeatedly by malicious cyber criminals, a commitment to improving cybersecurity is critical for future success. With this shared focus in mind, Corpay recently conducted its fourth annual State of Business Cybersecurity Report in support of Cybersecurity Awareness Month, which was first declared by the President of the United State and Congress in 2004.

The 2024 survey provides a perspective based on the input of 312 Chief Information Officers, Chief Information Security Officers, and other cybersecurity leaders and decision-makers across a variety of U.S. companies with revenues ranging from less than $10 million to upwards of a billion dollars. It reveals insights around cybersecurity health, concerns, challenges, financial and staff resources, and other considerations for building, refining, and maintaining a strong defense program. For example, nearly 70% of the respondents blame a lack of capital as the culprit preventing companies from reaching their desired level of cyber protection, and most companies are turning to artificial intelligence (AI) to help prevent cyberattacks. Check out the Corpay State of Business Cybersecurity 2024 Report Fact Sheet.