Two-thirds of UK businesses hit by cyber security breaches, but directors remain unaware

Two-thirds of large UK businesses are hit by cyber security attacks, but directors aren’t told about them, according to a government sponsored report 

Two-thirds of FTSE companies admit they have been hit by a cyber breach or attack in the past year, but half of boardrooms only hear about cyber risks occasionally or when there is an incident, according to a  government sponsored report.

The latest FTSE Cyber Governance Health Check survey, which was carried out by KPMG, revealed that boardrooms lack understanding because they do not have good information on the subject.

Only 21% of respondents said they received “comprehensive, generally informative” management information on cyber threats, and 17% said they received “very little insight”.

“While cyber security has made it onto the board’s agenda, board judgements on risk are often based on incomplete and partial management information,” saidDavid Ferbrache, technical director in KPMG’s cyber security practice. For the full article click here 

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