Global Survey Finds Poor Cyber Security Info Voted as Greatest Business Risk

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30th January 2013 17:35 - Information Technology

 

Audit, tax and advisory service KPMG surveyed 1,800 committee members between August and October last year – it has come to light that businesses around the world are concerned about the lack of quality information they are being provided about cyber security risks.

In total, 45% of the respondents claimed that their company’s risk management programme required "substantial work", with only one in four confident that their organisation is looking "far enough into the horizon" to identify threats.

Of the 280 UK businesses who took part in the survey, a majority of 56% rated Government regulation or the impact of public policy initiatives as the greatest challenges facing their firms. In addition, 12% listed cyber security, including data privacy and protection of intellectual property, as the greatest risk challenge.

Overall, 22% of all respondents globally said they were ‘not satisfied at all’ with the quality of the information they receive regarding cyber security risk – this issue therefore represents the lowest level of satisfaction recorded for quality of information in any category of risk identified by KPMG.

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