September 15, 2016
UK firms are still grappling with significant gaps in their cyber security knowledge, with research revealing more than one-third (35.4%) do not know how much an attack against their systems would cost them.
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.