UK Firms Are Too Confident About Their Cybersecurity

Three-quarters of UK firms in survey by FICO and Ovum say their protection is above average, and nearly half think they’re a “top performer”

Highlights:

• 75 percent of UK firms surveyed said they are better prepared for data breaches than their competitors — up from 60 percent last year
• Of eight regions surveyed, only Canadians were more likely to rate their firm a top performer for cybersecurity
• Financial services respondents were least realistic, with 96 percent rating their firms above average or top performers
• Retail and e-commerce respondents were most realistic, with 57 percent rating their firms above average or top performers
• Ovum conducted telephone surveys for FICO of security executives at 500 companies in the UK and 10 other countries.

Despite the growth in data breaches, senior executives at UK firms think their cybersecurity protection is top-notch, according to a new survey conducted by research and consultancy firm Ovum for Silicon Valley analytics firm FICO. Three out of four executives from UK firms said their firm was better prepared than their competitors, and 43 percent said their firm was a top performer. While this overconfidence was seen across the eight regions surveyed, Canada was the only country where more respondents (44 percent) said they were a top performer for cybersecurity protection.

More information: http://www.fico.com/en/latest-thinking/ebook/united-kingdom-views-from-the-c-suite-survey-2018