Company executives are in the dark about IT security, with a third admitting they do not know whether network security at their firms has been breached, research has revealed.
The Cost and Confidence Research report commissioned by network security firm nCircle highlighted lack of communication between IT departments and management.
The survey of nearly 300 senior managers at medium and large companies, carried out by pollsters YouGov, found that almost half the managers – 49% – believed they were not kept adequately informed about IT security issues, while 58% did not feel that their IT team communicated effectively about security matters.
Figures from the National High Tech Crime Unit show that almost 90% of UK businesses were targeted by e-criminals last year, resulting in a loss of more than £2.4bn.
But the Cost and Confidence research found that 33% of the managers surveyed did not know whether their firms had fallen victim to cybercrime during 2005, while 16% said they only heard about security attacks in retrospect.
Nearly four out of ten senior managers did not know whether the level of IT security risk at their company was going up or down, the research found.