Extract: More organisations need to be managing their cyber risk at C-level, according to a new report.
Not enough organisations in the UK manage their cyber risk at C-level, new research has revealed.
Axial Systems has published the results of a recent survey that show more than half (52 per cent) of chief execs in Britain delegate the responsibility for managing cyber risk to their IT department.
Meanwhile, 35 per cent said they had a separate dedicated security department, but under half of these were led by a chief security officer or chief information security officer.
Nathaniel Wallis, a security specialist with Axial Systems, commented: "Often, nobody owns this problem at C-level. There is still a lot of education to be done."
Even more worryingly, one-third of respondents said they had no clear plan in place at all in the event of their business being hit by a cyber attack.
These survey results therefore highlight the need for organisations of all sizes to make sure a C-level staff member is responsible for the company's cyber security strategy and can direct other teams on the best way to react in the event of a breach.