Only 16% of FTSE 350 company boards have a comprehensive understanding of cyber threats' potential impact on a business despite having strategies in place, according to a UK government report. It revealed that only around half of firms regularly test their cybersecurity incident response plans. A recent survey by accounting firm EY revealed 40 per cent of businesses see cyber threats as the biggest risk to the adoption of 5G. Read more: Cyber attack fears pose biggest risk to business 5G rollout Industry experts have also warned of a skills shortage in the cyber security sector, and said negative stereotypes about computer hackers have exacerbated the issue. The report also found that the majority of companies are not aware of how they can protect themselves from cyber-attacks.
Only 16% of FTSE 350 company boards have a comprehensive understanding of cyber threats' potential impact on a business despite having strategies in place, according to a UK government report. It revealed that only around half of firms regularly test their cybersecurity incident response plans. The report also found that the majority of companies are not aware of how they can protect themselves from cyber-attacks.