Just 51 per cent of UK businesses leaders believe their organisation is well-placed to combat a cyber attack on their systems, while 13 per cent admit that their strategy is poor.

A Consumer Intelligence survey of 555 senior executives and managers, commissioned by commercial insurance governance firm Mactavish, also found that 43 per cent said their firm had suffered at least one cyber attack in the last two years, while 30 per cent worried their cyber security strategy was average compared to the best protected businesses.

Of those respondents who said their firm had suffered a cyber-attack, just under a third (31 per cent) said they thought it had been dealt with very well, while just over one in five (21 per cent) thought they dealt with it poorly.

The findings also reveal that less than half (48 per cent) of senior executives and managers felt their employers were not worried about cyber attacks, which explains why just 51 per cent believe the organisations they work for have good strategies in place for dealing with cyber attacks.

Bruce Hepburn, chief executive of Mactavish, said: “The chances of suffering from a cyber attack are increasing, but our research suggests many employers are not taking this growing risk seriously enough.”

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