British businesses fear hackers could completely wipe them out following the devastating cyberattack on Marks & Spencer, a survey has found.<\/p>\n\n\n\n
Two thirds of security leaders at medium and large sized companies in the UK admit an assault on a similar scale could ‘cripple’ their organisation.<\/p>\n\n\n\n
Experts have warned the financial damage from ransom demands and clean-up costs can often cost millions of pounds, enough to jeopardise some firms’ futures.<\/p>\n\n\n\n
The poll by Absolute Security<\/em> was carried out just weeks after M&S was hit over the Easter holidays, costing the retailer \u00a3300m and shaving \u00a31bn off its market value. The company polling 250 UK security chiefs through a survey conducted by Censuswide<\/em>.<\/p>\n\n\n\n M&S boss Stuart Machin recently admitted the attack – caused by ‘human error’ – had been ‘the most challenging situation we’ve encountered’. Security leaders revealed staff still working from home remained a major problem, with 62% revealing remote devices were the ‘biggest weakness’ in their digital defences.<\/p>\n\n\n\n The consequences of such an attack are profound, with 63% of the 250 security leaders polled in May revealing the financial loss from ransomware could cripple their organisation.<\/p>\n\n\n\n In response to these growing risks, over a third (34%) have implemented full bans on AI due to cybersecurity concerns, while 30% of CISOs say they’ve already pulled the plug on AI tools within their organisation.<\/p>\n\n\n\n <\/p>\n","protected":false},"excerpt":{"rendered":" British businesses fear hackers could completely wipe them out following the devastating cyberattack on Marks & Spencer, a survey has found. Two thirds of security leaders at medium and large sized companies in the UK admit an assault on a similar scale could ‘cripple’ their organisation. Experts have warned the financial damage from ransom demands […]<\/p>\n","protected":false},"author":4189,"featured_media":137926,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21064,17482,57,15430,6083,6617,21185,93,23],"tags":[158,14568,4969,564,71,22253,54,6582,5006],"class_list":["post-137925","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ai","category-cybersecurity","category-enterprise-security","category-finance","category-intelligent-technology","category-research","category-surveys","category-top-stories","category-united-kingdom","tag-ai","tag-censuswide","tag-cyberattack","tag-cybersecurity","tag-finance","tag-intelligent-technology","tag-security","tag-survey","tag-uk"],"acf":[],"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/posts\/137925","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/users\/4189"}],"replies":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/comments?post=137925"}],"version-history":[{"count":1,"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/posts\/137925\/revisions"}],"predecessor-version":[{"id":137927,"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/posts\/137925\/revisions\/137927"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/media\/137926"}],"wp:attachment":[{"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/media?parent=137925"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/categories?post=137925"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/tags?post=137925"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}