Data security 'should be issue for boards' header image

Published: 22nd Jun 2016

Companies across the UK should place cyber security at the centre of their policies and discuss the issue at a boardroom level, a new report has claimed.

The study - compiled by senior security consultant Tom Neaves and Trustwave European, Middle East and Africa director John Yeo - argued that there is still a lack of awareness in the business community of the major problems that cyber attacks can cause.

Only 49 per cent of FTSE 100 companies specifically highlighted cyber security in their annual reports in 2012, the study found.

"Four consumer services firms did not make any explicit mention at all which is concerning considering they are likely to hold sensitive customer data," the authors declared.

While satellite broadband and other technologies are helping more businesses access the web, concerns remain that they may not be properly prepared to do so.

The British Retail Consortium recently highlighted e-crime as a problem, noting that it accounts for 37 per cent of retail crime in the UK.

Posted by Craig Roberts