Nearly three-quarters of cyberattacks are going unreported even as a flood of data and fraudulent attacks sees executives losing control of their sensitive corporate data, according to a new UK survey that confirms Australia isn’t the only place where cybersecurity is spiralling out of the control of business leaders.
The new survey, conducted in December 2015 amongst 980 respondents by the UK-based Barclays Bank and Institute of Directors (IoD), reinforced a perceptual disconnect recently identified by security-industry group ISACA, which found that 82 percent of surveyed CISOs agreed that their boards of directors are concerned or very concerned about cybersecurity – but that only 1 in 7 of those CISOs reports to the CEO.
The Barclays-IoD work found a similar disconnect: although they purported to recognise the importance of cybersecurity defences – 91 percent said cybersecurity was “important to their organisation” – only 57 percent of respondents said their business had a formal cybersecurity strategy and just 49 percent said they provided cybersecurity awareness training for staff. For the full article click here
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