Business advisory firm Deloitte has said the reliance of the technology, media and telecoms
(TMT) industry on digital information and technology has made it vulnerable to attack.
More than 50% of companies surveyed reported security breaches in the last 12 months, with a third of those breaches resulting in significant financial losses. Half of these breaches came from within the businesses affected, Deloitte said in a report launched today..
Gerry Fitzpatrick, a partner in Deloitte's enterprise risk services group, said: "TMT companies are becoming more aware of the impact of technical security attacks because their businesses revolve increasingly around digital information and technology.
"Everything from voice telephony to prime time television is now created and transmitted as a series of zeros and ones – making it vulnerable to infection, attack and theft.
"Protecting the confidentiality and integrity of data, as well as ensuring its available when required, is now an important aspect of effective operational management."