New BT and KPMG report warns of emerging threats

Mark Hughes, CEO, BT Security
Mark Hughes, CEO, BT Security
8 years ago

Only a fifth of IT decision-makers in large multinational corporations are confident that their organisation is fully prepared against the threat of cybercriminals. The vast majority of companies feel constrained by regulation, available resources and a dependence on third parties when responding to attacks, according to new research from BT and KPMG.

The report, Taking the Offensive – Working together to disrupt digital crime finds that, while 94 per cent of IT decision makers are aware that criminal entrepreneurs are blackmailing and bribing employees to gain access to organisations, roughly half (47 per cent) admit that they don’t have a strategy in place to prevent it.

The report also finds that 97 per cent of respondents experienced a cyberattack, with half of them reporting an increase in the last two years.

Mark Hughes, CEO, BT Security said: “With cybercrime continuing to escalate, a new approach to digital risk is needed – and that means putting yourself in the shoes of attackers. Businesses need to not only defend against cyberattacks, but also disrupt the criminal organisations that launch those attacks.”

Paul Taylor, UK Head of Cyber Security, KPMG said: “Talking generically about cyber risk doesn’t deliver insight. You need to think about credible attack scenarios against your business and consider how cyber security, fraud control, and business resilience work together to prepare for, and deal with those threats.”