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A lack of awareness is fuelling the surge in cyber crime but there are pragmatic steps that organisations can take.

The 2015 Grant Thornton International Business Report (IBR), a global survey of 2500 business leaders in 35 economies, has revealed that over the past 12 months more than 15% of businesses across the world have suffered a cyber attack, costing a total of more than $300 billion (link). That's just the measurable costs. Who knows what the reputational damage, loss of trust and custom adds up to.

Cyber attacks are set to grow in their number and nature; those companies that embed security measures into their culture will be most successful at fending them off, says Paul Jacobs

New research from Grant Thornton reveals that cyber attacks are taking a serious toll on business, with the total cost of attacks globally estimated to be at least US$315bn* over the past 12 months. The Grant Thornton International Business Report (IBR), a global survey of 2,500 business leaders in 35 economies, reveals that more than one in six businesses surveyed faced a cyber attack in the past year. With high-profile security breaches and hacks becoming more prevalent, nearly half of firms are putting themselves in the firing line with no comprehensive strategy to prevent digital crime.