In the first of a two-party study sponsored by Websense, Ponemon Institute surveyed 4,881 experienced IT and IT security practitioners across 15 countries across the world, and found that not only were C-level executives unaware of the security risks, but that infosec practitioners themselves were finding it hard to keep up with cyber-criminals.
Approximately 80 percent of respondents said that their company’s leaders “do not equate losing confidential data with a potential loss of revenue”, despite Ponemon indicating that the average cost of an organisational data breach is approximately £3.2 million ($5.4 million).
In addition, just under half of global respondents (52 percent in the UK) said that their board-level execs had a subpar understanding of security issues. Although this number has not been measured in previous studies, analysts believe that “cyber security awareness has most likely increased over the last few years.”
Despite this, Websense EMEA strategist Neil Thacker admitted that there is work to be done in order to get C-level onside with cyber security.
This article has been extracted from http://www.scmagazineuk.com, please click on this link to read the article in full http://www.scmagazineuk.com/ceos-still-dont-get-cyber-security-study-finds/article/344572/
We are hosting a Cyber Security Breakfast Briefing with Mandiant, a FireEye Company on Thursday 15th May 2014, 8am – 10am at Grand Connaught Rooms, Holborn, London. Entries are priced at £20, with all proceeds going to Groundwork Charity.
We would like to take this opportunity to invite you to attend this event.
The briefing will be an open discussion forum for top cyber security experts to discuss the latest threats that companies face and how best to combat them. The forum will highlight the potential cyber threats that target businesses on a large scale and will examine the crossover of security risks in both the real world and cyber world.
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