Quarter of UK Companies Don't Notice A Security Breach

[Audrey McNeil <audrey () riskbasedsecurity com>]

http://www.misco.co.uk/blog/news/02349/quarter-of-uk-companies-dont-notice-a-security-breach

An alarming number of companies in the UK are unaware that they have
suffered a security breach, according to a new report by
PricewaterhouseCoopers (PwC).

The Global State of Security report shows that Britain remains the most
targeted country, with 10% more attacks than companies around the world.
Sixty-nine percent of the companies surveyed told PwC that they had
experienced a security incident in the UK over the past 12 months; the
global figure was 59%.

However, of the 475 executives surveyed, a quarter said they had not
noticed a breach - a lot higher than the global score - and 8% said they
had no idea how many security breaches they had suffered over the last
year, IT Pro reports.

Many of the security incidents involved customer or employee records that
had been compromised; a quarter of the companies said this was the case,
while 22% said that intellectual property had been stolen.

Still, it looks like UK companies are trying to get to grips with the
ongoing security issue. More than half (55%) said that they plan to invest
more money in security this year. Another third said that security
expenditure would remain the same.

Richard Horne, cyber security partner at PwC, said: "A sizeable minority of
UK businesses are underestimating the scale of the problem they face.
Information security incidents are a fact of life, and a critical element
of defence is the ability to detect and respond to incidents quickly before
they have an impact on business."

He added that although any increase in security spending was welcomed,
security should be embedded within an organisation's very DNA through
leadership and a clear strategy.

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