Cyber crime remains a key concern for businesses, says a leading accountancy firm.
A round-table discussion hosted by EY concluded that companies urgently need to prioritise cyber security and put in place incident response strategies to deal with security breaches.
EY’s 13th Global Fraud Survey found cyber crime to be one of the biggest concerns for UK businesses, with 74% of respondents saying that it was a high risk to their organisation compared to 49% globally.
Victoria Spencer, head of EY’s forensic practice in the North of England, said the conversation in the region needs to move on from awareness to cyber crime prevention.
EY recently announced a £650,000 investment in its first dedicated forensic technology facility outside London. The new facility in Manchester is expected to create 50 jobs.
Said Ms Spencer: “Cyber crime in the North of England is high on the corporate agenda, given the importance of our thriving financial and professional services sector, which is highly regulated and our emerging knowledge-based industries that are often reliant on large amounts of data and analytics.”
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