UK firms too confident about cyber security

Three-quarters of UK companies say their cyber protection is above average, and nearly half think they are a “top performer” despite the growth in data breaches.

Despite the growth in data breaches, senior executives at UK organisations think their cyber security protection is top-notch, a survey has revealed.

Three out of four executives from UK firms (75%) said their company was better prepared than their competitors – up from 60% a year ago – and 43% said their firm was a top performer, according to the survey.

Despite this confidence, only 36% of organisations are carrying out regular cyber security risk assessments.

“These numbers suggest that many firms just don’t understand how they compare to their competitors, and that could lead to a lack of investment.”