According to data from the Information Security Breaches Survey 2014, commissioned by the Department for Business, Innovation and Skills (BIS) and carried out by PwC, 81% of large organisations (those with over 250 employees) and 60% of SMBS (those with less than 50 employees) had suffered a security breach in 2013. This was down from 86% a year ago for the former and 64% for the latter.
Andrew Miller, cyber security director at PwC mentioned that breaches are becoming more sophisticated and their impact more damaging. Given the dynamic nature of the risk, boards need to be reviewing threats and vulnerabilities on a regular basis. As the average cost of an organisations worst breach has increased in 2013, businesses must make sure that the way they are spending their money in the control of cyber threats is effective.
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