EY comments on the Government's move to sign up to the World Economic Forum's Cyber Resilience principles

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Mark Brown, Director of Information Security at EY said:

"The Government's move to sign up to the World Economic Forum's principles on Cyber Resilience reaffirms the UK's position as a leader in tackling cyber security threats. A position further demonstrated by the widespread recognition of the success of the Government's Cyber Security for Business Initiative.

"Building on a journey that started with the publication of the new Cyber Security Strategy in 2011, and the inaugural Cyber Security Summit hosted in London the same year, this is yet another call for business leaders to take collective action and to face up to what could be the next big crisis for business after the financial meltdown of 2008.

"To maintain the lead and a competitive advantage, UK businesses should recognise the need to change their traditional board level view of cyber security. Instead of an issue being driven mainly by their IT function, the current risk landscape requires decisions taken at a strategic level, with buy-in from their executive management and delivered through a consistent tone from the top.

“Further collaboration and transparency not just within an organisation, but between companies, their shareholders, outsourced vendors and business partners and not keeping silent over the looming threat is the way forward.  This, will require an honest assessment of their current capabilities and collaboration to tackle the common threat, rather than continued adoption of a traditional isolated approach to cyber security."