Security leaders were surveyed by Axiad on cyberattack response and preparedness. According to the report, 39% indicated phishing is the most feared cyberattack, while 49% said it is the attack most likely to happen.

Eighty-eight percent said felt their company was prepared to defend against a password-based cyberattack, and 52% said their business has fallen victim to one within the last year.

Ninety-three percent of respondents are still using passwords for business, citing that the biggest reasons they still use them are fear of change (64%), the potential need to rip and replace technology (54%), time constraints (51%) and lack of staff (25%).

Read the full report here.