Ilex International’s Breach Confidence Index raises concerns for British businesses

Ilex International commissioned YouGov to conduct the Breach Confidence Index survey to monitor the level of confidence British businesses have when it comes to security breaches. The confidence levels uncovered in the benchmark survey were surprising, especially in the wake of highly publicised mega breaches that have hit companies such as TalkTalk and Sony.

A key finding highlighted by Ilex was that almost a quarter (24 percent) of the IT decision makers surveyed were ‘very confident’ and 59 percent ‘fairly confident’ that their business was protected against a data security breach.

As well as being unexpected, these high levels of confidence are worrying, outlined by Thierry Bettini, Director of International Strategy at Ilex International: “With the UK being a leading economic centre and a major target for cyberattacks, the high confidence level is completely misplaced. It’s important that businesses come to terms with the reality of data security breaches. If they don’t think they have been targeted yet, they will be and need to be prepared. The Breach Confidence Index shows that businesses have a false sense of security which could result in an increase in security breaches.”

Compared to actual statistics shared by the Rt Hon Michael Fallon MP, Ministry of Defence at the 2015 Cyber Symposium, there is a major gap between the perception and reality of security breaches among businesses. Fallon expects the cost of cyber security breaches to grow, already tripling over the last year in the UK, accounting for £20 to £30 billion per year.

Ilex International’s Breach Confidence Index also reveals the primary reasons why businesses had suffered a breach. Click here for the full report and for best practices to minimise the risk of a security breach.