Quarter of FTSE350 companies not dealing with rising cyber security risks, says report

RobAllen 141Quarter of FTSE350 companies not dealing with rising cyber security risks, says report by Rob Allen

A survey of company secretaries from the UK's 350 largest listed companies shows that companies are worried about cyber security risks but a quarter of them are not tackling the issue.

According to the latest FT/ICSA Boardroom Bellwether survey, three quarters of companies consider the risk from cyber security to be increasing, and two thirds are taking steps to actively mitigate that risk, the report said. A quarter of respondents, however, are not taking any steps to reduce the risks they face.