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.
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. Although the study said awareness of the risks posed by cyber attacks had increased, Digital Minister Margot James called on company boards to do more to ensure businesses did not fall prey to cyber attacks.