By: Luke Jones, Published on February 22, 2017 04:25 PM, Last Update on February 28, 2017 01:44 PM
The evidence of cyberattack concern in business is growing. Numerous studies have shown companies and professionals are concerned by the growing number of attacks and ability to deal with them. The latest study shows that cyber-attacks, data breaches, and outages are the biggest concern amongst business continuity professionals.
The data was released a part of the sixth annual Horizon Scan Report. Released on Tuesday, the report lists the top three concerns among professionals. These worries have remained unchanged year-on-year.
In a release, the report published (U.K.-based Business Continuity Institute (BCI)) says cyber-attacks are the top concern. The report was compiled in collaboration with the British Standards Institution (BSI).
88 percent of polled companies say they are either “extremely concerned” or “concerned” about potential cyber-crime perpetrated against them. The threat of a data breach was cited by 81% of respondents and network outages by 80%, the report concludes.
Below the top three concerns, the report shows some movement in the remaining positions:
“With the top four threats all showing an increasing in level of concern, it is worrying that 14% of respondents will experience business continuity budget cuts over the next year, making them less likely to be able to respond effectively to these threats,” the statement adds.