Recent Release | 08 Nov 2022
Security’s Lament: The state of cyber security in the UK
Thought Leadership Team
Oxford Economics
The future belongs to organisations that create a strong cyber security foundation. Security preparations are essential to dealing with costly threats but also support innovation and enable revenue growth. Capturing this broader value requires the alignment of security plans with IT and business strategies.
But maintaining a robust cyber security strategy remains a work in progress for many organisations in the UK, which must develop, update, and execute their plans while combatting an unprecedented number of attacks. Significant changes across the security industry—mergers and acquisitions have consolidated certain segments, and new players enter almost daily—make the challenge even more complex.
The best-performing organisations understand the operational, financial, and reputational damage that can be done by a single cyber security incident. These organisations:
- Know where they are vulnerable to threats from within and without;
- Foster a cross-functional culture of security;
- Include security expertise on their boards;
- Procure, train, and upskill the right workers; and
- Strategically invest to modernise cyber security operations.
To better understand how cyber security decision-makers are implementing their plans, Oxford Economics and iomart surveyed 500 executives responsible for their organisation’s cyber strategy. The sample comprises executives from a range of industries—most with more than 1,000 employees—all based in the UK.
About the team
Our Thought Leadership team produces original, evidence-based research made accessible to decision-makers and opinion leaders. Principals for this project included:
Kayla Luparello
Research Associate, Thought Leadership
Teri Robinson
Managing Editor, Thought Leadership
You might be interested in
Tech spend: Driving growth and resilience through economic downturns
How organizations invest in technology during economic downturns can be a strong indicator of their performance during hard times and the recoveries that follow. Our study presents a significant new dataset of technology spending from publicly available industry data to extract key lessons for investment strategies across a broad spectrum of industries and product categories in advanced economies.
Find Out More
Managing Mobile Strategy
Businesses are increasingly turning to smartphones to increase their flexibility, improve productivity, and encourage collaboration as well as remain competitive in a highly digitized and connected world. And, the way to best–and cost effectively–manage them has changed.
Find Out More
Champions needed: Building Digital trust in a dangerous world
Recent research from Oxford Economics in collaboration with SGTech shows that digital trust, once considered the purview of IT and cybersecurity, now stretches beyond those traditional roles to all parts of an organization, requiring a highly trained workforce that has both technical and more general digital business skills.
Find Out More
The Digital Trust Workforce: Global Edition
In collaboration with SGTech, The Digital Trust Workforce: Global Edition consolidates insights from our survey and expert conversations, providing actionable steps for organisations hoping to close the digital trust skills gap and leverage digital trust.
Find Out More