Business advisory firm Deloitte have suggested that businesses are overconfident about cyber security risks.

The sixth annual Deloitte Global TMT Security Study shows that while 68% of companies said they understood their cyber risks and 62% said they had a programme in place to address them, 59% experienced a security breach.

Deloitte has suggested that companies need to treat data security breaches as inevitable and invest in detection and response planning.

70% of companies rated mistakes by employees, caused by a lack of security awareness, as a top threat only 48% offered security training to staff.

The suggestion of the report was that companies need to start encouraging a culture of cyber security with employees as well as increasing knowledge of previous threats, to not only their own company but other similar organisations as well.

Interested in cyber security? Find out more with our Cyber Security article.

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