News | Legal News

21 August 2017

Two thirds of top firms ‘unprepared for cyber-attacks’

Britain's biggest businesses are unprepared for the growing threat of cyber-attacks, with more than two thirds of firms admitting workers lack the appropriate training, new research has shown.

A Government survey of FTSE 350 companies reveals more than half (54%) of the UK's leading organisations believe cyber-security is a top concern for their business.

 Despite this, two thirds (68%) of boards say they have received no training to respond to an attack.

And one in 10 firms admit to having no cyber-security plan in place whatsoever, leaving them exposed to hackers, ransomware and serious attacks.

The Government is using the data to expose the extent of the problem and encourage businesses to work collaboratively with cyber governance departments to protect themselves from ongoing threats.

Digital Minister Matt Hancock says recent incidents - such as the worldwide ransomware attack which hit the NHS in May - show the "devastating effects of not getting our approach to cyber security right".

Mr Hancock is pressing companies to do more to protect themselves against attacks which can cause economic damage and reputational harm.

"These new reports show we have a long way to go until all our organisations are adopting best practice and I urge all senior executives to work with the National Cyber Security Centre and take up the Government's advice and training," he added.

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