Internal factors are most significant cyber threat in next two years.
Just under half of UK businesses experienced a cyber-attack in the last year, with 27 percent attributed to insider threats.
Also, 32 percent of affected organisations suffered financial losses exceeding $500,000, while only 36 percent expressed confidence in their current infrastructure's ability to withstand future cyber-attacks in the next 12-24 months.
However 38 percent of organisations identify internal factors, such as employees and partners, as the most significant cyber threat they face in the next 12-24 months.
Cisco chief product officer Jeetu Patel, said: "This year's report continues to reveal alarming gaps in security readiness and a lack of urgency to address them. UK organisations must rethink their strategies now or risk becoming irrelevant in the AI era."
Written by
Dan Raywood is a B2B journalist with 25 years of experience, including covering cybersecurity for the past 17 years. He has extensively covered topics from Advanced Persistent Threats and nation-state hackers to major data breaches and regulatory changes.
He has spoken at events including 44CON, Infosecurity Europe, RANT Forum, BSides Scotland, Steelcon and the National Cyber Security Show, and served as editor of SC Media UK, Infosecurity Magazine and IT Security Guru. He was also an analyst with 451 Research and a product marketing lead at Tenable.
