How does your cyber security stack up against UK’s FT350?

How does the UK become the best and safest place in the world to do business online? Well, there’s no simple answer but it’s fair to say the issue of cyber security needs a higher billing in the boardrooms of the UK’s biggest businesses.

That’s one of the findings of a new government report into how 350 of the UK’s biggest companies are managing cyber security. Over two thirds of business leaders in the FTSE 350 say they haven’t received any training to deal with a cyber incident, while only 6 percent describe their business as “completely prepared” to meet the requirements of GDPR, which comes into force next year.

The Cyber Governance Health Check 2017 report studies the preparedness and effectiveness of FTSE 350 businesses towards cyber security and breach readiness.

On a positive note, it shows businesses are more aware of the importance of good cyber security than in 2016, when the previous report was released. Fifty seven percent of FTSE 350 boards have a clear understanding of the impacts of a breach, up from 49 percent last time. Meanwhile, 54 percent view cyber risk as a top priority – again, up from 49 percent.

However, the report clearly shows more work needs to be done if the UK is to reach the government’s goal of being the best and safest place to do business online.

For instance, while it’s perhaps unsurprising that barely anyone rated themselves as “completely prepared” for GDPR, it’s alarming that many seemed to lack sufficient awareness of the regulation, which comes into effect on 25 May 2018. Only 37% of those surveyed rated themselves “very aware” of the regulation, while 45 percent said they were “somewhat aware”.

So how do you stack up? The government report serves as a guideline to see where you’re excelling or falling short of the average, but other tools are available to provide more concrete evidence of your cybersecurity strengths and weaknesses.

At EveryCloud we have the Cloud Risk Assessment tool, which puts you on the path to a 360-degree view of your business’s cloud presence across both your sanctioned and unsanctioned applications. In the process, the tool reveals threats to your data security, makes sure you’re compliant with industry regulations, and identifies compromised accounts and malware infections.

You’ll also get a risk-resolution roadmap to overcome the biggest problems you face today – and a glimpse of your posture in the wider risk landscape.

So, get started with the free Cloud Risk Assessment today to see how your business stacks up.