Business leaders should be taking a more direct interest in protecting their businesses from cyber threats, the Government has warned.
In a bid to get more chief executives and chairs to take responsibility for the online security of their business the Government has launched a suite of guidance titled Cyber Security Guidance for Business.
The information is aimed directly at senior business executives and provides advice on protecting what the Government calls 'their most valuable assets' - personal data, online services and intellectual property.
Commenting, business secretary Vince Cable said: Cyber security poses a real and significant risk to UK business by targeting valuable assets. By properly protecting themselves against attacks companies are protecting their bottom line."
The Government has also funded the expansion of the Police Central e-Crime Unit in the Metropolitan Police and the Serious Organised Crime Agency's (SOCA) Cyber Unit and established three regional cyber specialist hubs to help combat cyber threats.
Commenting, Foreign Secretary William Hague, as minister responsible for the Government Communications Headquarters (GCHQ), said: "The UK is committed to building a secure, resilient, open and trusted internet. We are working with partners across the globe to ensure this vision becomes a reality."
In a foreword to the guidance, Iain Lobban, director of the Government's Communication Headquarters (GCHQ), said: "About 80 per cent of known attacks would be defeated by embedding basic information security practices for your people, processes and technology."
Hitting home the message that senior level executives must take more of an interest, Lobban added: "Responsibility to manage your company's cyber risks starts and stops at Board level. You can never be totally safe.
"Value, revenue and credibility are at stake. Don't let cyber technology become the agenda - put it on the agenda."