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October 8, 2012

UK and US businesses fear future of cyber security

A study reveals that businesses in the UK and US expect the risk of cyber-threats to their business to increase dramatically in 2014.

By Tineka Smith

Data security

According to the study by Kaspersky Lab and B2B International, the US and the UK are the two countries most concerned about the impact that cyber-threats will have on the future of their businesses.

Over half of respondents in the US and UK believe cyber threats will continue to increase for businesses.

The Global IT Security Risks study, surveyed over 3,000 senior IT professionals across 22 countries about major problems facing the industry.

"It is not surprising that companies in developed countries are so concerned about cyber-security risks in the immediate future," said Alexander Erofeev, Chief Marketing Officer at Kaspersky Lab. "Contemporary businesses rely on thousands of devices, both in the office and on the move, and it is critically important to protect this infrastructure from external threats. In just a few minutes cybercriminals can cause crippling damage to a company, leading to financial loss, the leakage of sensitive data, security breaches and potentially serious legal problems."

As US and UK companies fear about the future of cyber threats, for some countries cyber security is already their number one problem for business.

The survey revealed that more than 25% of businesses in Hong Kong, Taiwan and China suffer most from cyber security problems.

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