Business still failing to take cyber risk seriously

Posted at October 8, 2015 | By : | Categories : News | Comments Off on Business still failing to take cyber risk seriously

Nearly 10% of UK companies don’t know how many cyber security attacks they have had this year and 14% don’t know how they happened, according to the latest Global State of Information Security Survey, released by PwC in conjunction with CIO magazine and CSO.

PwC interviewed 10,040 executives from more than 127 countries including 637 in the UK, across all industries. The report warns that Big Data and the Internet of Things present a host of cyber challenges – as the number of internet-connected devices continues to surge, the Internet of Things will inevitably increase the stakes for securing cloud-based networks. Investment intended to address these issues doubled in 2015, but only 36% of UK survey respondents have a strategy specifically addressing the Internet of Things.

PwC cyber security partner, Richard Horne, comments: “In our digitally-interconnected world, businesses cannot stand still. They need to prepare and continually test their defences – and respond to breaches – in the face of incredibly sophisticated attacks. This requires commitment and leadership from the very top of an organisation to prevent breaches, but also to detect and respond to them rapidly and in the right way when they happen.”

About Gill