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Volume 27, Issue 4

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July 7, 2014

Reaction against scaremongering may be resulting in boards not taking cyber risks seriously enough

Cyber security and data protection have been ranked a surprising third in a list of boardroom priorities, according to a survey released by KPMG.

The annual Business Instincts Survey, a poll of 498 C-level executives from businesses across the UK, found that under-investment has left many businesses acknowledging the need to increase spending on secure technology. Yet despite acceptance that cyber security, specifically, is critical to long-term business operations, one in three executives questioned (36 percent) said that investing in people skills had become their number one concern, with 19 percent also more focused on plant or machinery purchases.

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