More than a quarter of British businesses (26 per cent) have left themselves open to the clear and present danger of a cyber-attack, independent research from Advanced has exposed.
Despite recent government research finding that two thirds of large businesses experienced a cyber breach or attack in the last 12 months, Advanced revealed that nearly half (46 percent) of the 1,000 professionals surveyed claim that data security is not a deciding factor in adopting digital technology.
The report also acknowledges the potential implications of Brexit, with 51 per cent agreeing that Brexit is an opportunity for growth and prosperity for British businesses, and 61 per cent claiming to be well prepared. However, 60 per cent agree that the biggest impact will only be felt in the next 18 months to two years.
Gordon Wilson, CEO at Advanced said: “This research was designed to uncover the biggest concerns that UK businesses are facing today. It’s clear from these findings that businesses are grappling with the level of change. However, is it right that Brexit should be distracting business, when the outcome is still to be determined?
“In the meantime, the disruption from digital is becoming increasingly complex and pervasive. Given the numerous examples of high profile businesses being crippled by cyber-attacks, it raises the question as to why this isn’t at the top of the priority list for every business leader.”
Leadership readiness also came under the spotlight. When asked to rank the most important attributes of a business leader: 86 per cent stated an ability to re-imagine and adapt its business; 71 per cent chose ‘act with pace’; 61 per cent picked ‘take bold decisions’; and only 45 per cent selected a ‘strong digital skill-set’.
Wilson concludes: “Business leaders need to up their digital game. It appears that they are failing to recognise the need to adapt their mindset and tran34EPsform their leadership strategy to tackle the changes effectively in this digital era.
“Although an openness and ability to reimagine their business is vital, if it isn’t combined with a strong digital DNA, they will be left vulnerable to new threats and struggle to survive, let alone grow and prosper.”
Download the full report here