A Government survey of the FTSE 350 has revealed 68% of board members have not been trained to deal with cybersecurity incidents, potentially leaving their businesses in danger.
Only one in ten FTSE 350 companies (10 per cent) say they do not currently have a response plan for dealing with a cyber incident, and less than a third of boards have received comprehensive cyber risk information (31 per cent).
Minister for Digital Matt Hancock said that the news shows that, “we have a long way to go” until all British companies organisation adopt best practice when it comes to security, and urged senior executives to work with the National Cyber Security Centre to benefit from Government advice and training.
“We have world leading businesses and a thriving charity sector but recent cyber attacks have shown the devastating effects of not getting our approach to cyber security right,” Hancock added.
The government announced its five-year National Cyber Security Strategy (NCSS) back in November 2016. Supported by £1.9 billion of investment, the scheme included the opening of the National Cyber Security Centre, and looks to offer a wealth of free online advice and training schemes for businesses of all sizes.
Written by DFGR Research Team
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