Leading UK specialist law firm, Technology Law Alliance, which is renowned for its work on advising on multi-million pound technology transactions, has conducted research with business leaders within organisations ranging from SMEs to large corporates, in respect of key technology concerns for UK businesses.
The research results have shown that:
• 65% of businesses surveyed, had lost business as a result of technology or systems failure in the past year;
• 60% of large corporates surveyed, had key projects delayed or halted due to technology or systems failures;
• 70% of large corporates who were surveyed, felt that one of the biggest IT related risks for them was being a victim of cyberattack.
Technology Law Alliance’s Co-founder and Director, Jagvinder Kang, comments: “There are 2 lines of defence to mitigate against risks such as these, one is through practical measures, and the other is through...