UK organizations are failing to make progress towards strong cybersecurity and are facing paralysis as cybercriminals become more advanced, according to NTT Security.
Examining the attitudes of 2,256 non-IT decision makers to risk and the value of security to the business, NTT Security’s annual Risk:Value report researches C-level executives and other senior decision makers across 20 countries in the Americas, Asia Pacific and Europe, including the UK, and from across multiple industry sectors.
UK respondents are aware of the risks posed by cyber threats, with over half (54 per cent) ranking cyber attacks on their organization as one of the top three issues that could affect businesses in the next 12 months – second only to ‘economic or financial crisis’ (56 per cent).
While global organizations rank ‘loss of company data’ in third place, in the UK, 44 per cent believe that cyber attacks on critical infrastructure is a far greater threat. Of the most vulnerable components of critical national infrastructure, telecoms, energy and electricity networks take first, second and third place.
Almost all (90 per cent) respondents in the UK believe that strong cybersecurity is important to their business over the next 12 months, compared to 78 per cent who say the same about ‘growing revenue and profit’. 93 per cent believe cybersecurity has a big role to play in society.
According to the report, strong cybersecurity allows UK organizations to ‘ensure the integrity of their data’ (58 per cent) and ‘ensure only the right people have access’ to this data (56 per cent), while around half say it ‘helps protect the brand’.
Good and bad practice
For each organization in the research for the last two years, NTT Security has anal ..
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