Study reveals cost of cybercrime ignorance

A failure for boardroom planning regarding cybercrime could cost finance directors over £3m, research has shown.

A study conducted by professional services company PwC reveals that 90% of large firms have suffered a breach within the last year. There is an increase in external cyber attacks, which could cost firms over £3m.

The report says that boards need a firmer handle on the area and finance directors need to ensure that funds are being invested in cyber security, understand the balance of risk and assess whether strategies implemented are generating return on investment.

While cyber security remains a complex subject for many, it is crucial that businesses understand how cyber breaches occur if they are to stand any chance of preventing them.

A technology and cyber expert from industry insights company Deloitte, Vincent Geake, said that cyber security is not only a matter for IT but also at management level. Geake told DOF:

“What companies need to do is to get the people managing the business to understand what cyber risk means to them as a business.

“Everybody in a company needs to have an understanding of the types of attack a business can be threatened by.”

If boardrooms continue to fail to see the importance of cybercrime, we will likely see a rise in breaches as hackers continue to advance their own technology. Businesses in the UK need to place the proper emphasis on IT security recruitment in order to ensure that they have the adequate protection in place and are in a position to take on hackers, both now and in the future.

Our accreditations & Partners

  • REC Member
  • VTC - Virtual Technology Cluster
  • RANT Events
  • Bloom Nepro
  • YPO
  • Crown Commerical Service
  • Disability Confident
  • ISO 9001
  • Armed Force Covenant
  • Cyber Essentials Plus
  • ISO 27001





Thank you for signing up to the acumin alerts.

Send CV

Send us your CV and have our recruiters match you to the ideal opportunities

Do you already have an account with us?

Log in

Want to have an account with us?


Want to just send us your CV?

Upload only doc, docx, odt, pdf format file.

By submitting your registration and CV to us you are agreeing to join our database and to be contacted about relevant jobs industry communications. Please read our terms of business for more information.

Password reset

If you need a reminder for your password, fill out the field below

Log in

Access your account to edit your contact details, job alerts or to upload a new CV

Thank you


Thank you for successfully uploading your CV.

Acumin Alerts


Thanks for registering for Acumin alerts.

Acumin Alerts

Unfortunately your CV could not be uploaded

Please make sure your CV is one of the following file types: doc, docx, odt, pdf, rtf

Acumin Spam

Unfortunately your submission has been declared spam. Please try again.



Thank you for submitting your vacancy.


Create an account to register your contact details, sign up for job alerts and upload your CV


Thanks for registering for Acumin alerts. To get the most out of Acumin's service why not register with us?

Upload only doc, docx, odt, pdf format file.
- Practitioner
- Commercial

I agree to the terms and conditions and to be contacted by recruiters:

I agree to receive marketing communications relevant to my job search:

I agree to receive Jobs By Email for the following professions:
- Business Continuity Management
- Counter Fraud
- Cyber Security
- Executive Management
- Governance & Compliance
- Information Security & Risk Management
- Penetration Testing & Digital Forensics
- Sales and Marketing
- Sales Engineering
- Security Management
- Technical Security
- Information/Risk Assurance
- Identity Management
- Application Security
- Security Architecture
- Dev/Sec Ops
- DV & SC Cleared Jobs
- Programme & Project Management

Submit a Vacancy

Use the form below to submit a vacancy