Firms ‘lack cyber security plan’

Four in 10 companies have no formal cyber security strategy despite the overwhelming majority of directors identifying it as an important issue for their business.

This apparent apathy within Irish boardrooms is even more pronounced in smaller companies of 100 staff or less — 68% of which have no strategy in place.

A survey conducted by the Institute of Directors in Ireland found that boards are increasingly identifying the threat posed by cyber attacks as among the most serious but that more remains to be done to protect their businesses.