March 15, 2016
Four in ten boardroom executives in the telecoms, utilities, financial services and retail sectors believe a cyber security breach is likely at their organisation in the next 12 months.
In a study of 150 board members in the UK, commissioned by CGI, respondents estimated the average cost of lost data over one year would be £1.2 million.
Incorporating economic analysis from the Centre for Economics & Business Research, the study found the telecoms and utilities sectors are the most exposed to cyber threats.