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:

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

+1 (646) 503 3062

Kayla Luparello

Research Associate, Thought Leadership

New York

Kayla supports global research studies for Thought Leadership, working across business sectors and disciplines, with a specific focus in finance. Based in our New York office, Kayla works closely with senior staff to aid in all aspects of research programs and produce multi-media deliverables. Kayla graduated from Colby College with degrees in Government and Global Studies.

You might be interested in

Post

Pursuing transformation like digital natives

How traditional enterprises can learn valuable lesson from digitally native organisations

Find Out More

Post

2022 Climate Check: Business’ views on climate action ahead of COP27

Ahead of COP27, Deloitte teamed up with Oxford Economics to examine business’ current climate initiatives. The global survey reveals executives’ goals, concerns, and tradeoffs around the climate crisis in a world of competing priorities.

Find Out More

Post

The Relevance of Silver in a Global Multi-Asset Portfolio

This study examines whether silver should be viewed as a distinct asset class that warrants a strategic investment allocation within an efficient multi-asset portfolio.

Find Out More

Post

Achieving data-led innovation for the modern supply chain

A persistent pandemic, economic uncertainty, and a global geopolitical conflict continue to dominate headlines and fuel Chief Supply Chain Officer (CSCO) frustrations. Navigating uncertainties—and managing supply chain challenges accordingly—has out of necessity become a top business priority for boards and C-suites alike.

Find Out More