Cyber security awareness growing within business sector, research shows

September 16th, 2016 by Mark Daly in Industry News No Comments »

According to Marsh’s UK Cyber Risk Survey Report 2016, organisations are developing a keener awareness of cyber security risks, with 83.8% of respondents claiming to have a basic-to-complete understanding of the threats posed to their business. In the 2015 version of the report, this figure stood at 60.8%.

The report cites the rise in attacks against high-profile organisations in the UK as playing a key role in increasing awareness of cyber risks, along with education efforts by private and public sector organisations.

Furthermore, 29% of respondents claim to have bought, or are in the process of acquiring cyber insurance cover, while 26% are said to be seeking quotations for cyber insurance.

Despite this, many organisations still appear to be in the dark about the financial toll a serious cyber incident could have on their business, the report suggests.

Just over 40% of organisations claim to have suffered a cyber attack in the past 12 months, while 15.4% said they had insufficient knowledge to confirm or deny they had been victim to hackers during this period.


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