Only 45 per cent of organisations believe their cyber security measures are enough to protect data, a new study has found.
Research from Cisco has found that, although executives are uncertain about the strength of their security systems, 92 per cent agree that regulators and investors expect companies to properly address online risks.
The company's 2016 Annual Security Report found that leaders are increasing measures to secure the future of their organisations, especially as they work to digitise all of their operations.
Increasingly sophisticated hacking technology has also encouraged hackers to begin using legitimate resources in order to launch profitable campaigns.
As well as this, businesses are facing security challenges that affect their ability to detect, mitigate and recover from attacks, as old infrastructure and outdated organisational structures put them in danger.
The research suggests that companies need to introduce greater collaboration and investment in their data processes and technologies.
The study suggested that, between 2014 and 2015, the number of SMBs using web security dropped by over ten per cent, indicating a possible risk to enterprises as a result of structural weaknesses.
Online criminals have also moved to compromised servers to support their attacks, including those used on WordPress, with the number of the site's domains used by criminals growing 221 per cent between February and October 2015.
Browser-based data leaks are another common issue that have been reported widely this year, impacting more than 85 per cent of organisations. These incidents often occur when companies have not regularly updated their software.
As data is now available on a range of different devices, it will be interesting to see how security experts adapt their measures in the future to properly protect against cyber threats.