British businesses are better prepared for key IT risks than their foreign counterparts, with about eight out of 10 having formal documentation in place.
According to a survey by Grant Thornton covering 32 countries, about 80% of UK businesses have preparations in place for IT security breaches, as well as documentation to cover business continuity and disaster recovery.
More than three quarters — 77% — of UK businesses have the documentation in place to prepare for a major IT failure or disaster recovery scenario — well ahead of the survey’s EU average of 57% and a global average of 61%.
And UK companies were again ahead of the global average when it came to data security, with 81% claiming to have a plan in place to handle an information breach — against a global average of 74%.
Alysoun Stewart, head of Grant Thornton’s Strategic Services group, says it was encouraging to see UK businesses apparently taking risk management seriously.
“Identifying fundamental risks and taking steps to prepare for them is essential for minimising the impact of a disaster, which is key to the continuity of privately held businesses,” she says.