e
Other information (7%): Some respondents mentioned the need for other kinds
of information, for example, information that is tailored or relevant to specific types
of organisations or sectors.
Respondents also provided suggestions of how this information should be provided This
was asked as an open question, with responses coded into themes, including:
e Advice, guidance and support (28%): Suggestions included cyber risk
management training, improving cyber expertise in organisations and additional
advice and guidance more generally.
e Standards/ frameworks/ models (9%): Some respondents suggested
standards that enabled more effective risk assessments, and that these standards
should be supported by models that enable an organisation to receive a score on
how effectively they are managing their cyber risk.
Barriers preventing organisations from creating, collecting or accessing
this information
Details on barriers preventing organisations from currently creating, collecting or
accessing the information they require was provided by 77 respondents. This was asked as
an open question, with responses coded into themes. These barriers included:
¢ Information failures (40%): Issues in this category were broad ranging - from
some respondents outlining the difficulties of information overload, to others
highlighting the lack of existence of other types of information needed to support
cyber risk assessments. Responses further focused on organisations not having
access to the right information; and a lack of information sharing.
e Lack of knowledge and understanding (36%): Over a third of respondents
highlighted a lack of knowledge, understanding and awareness as a barrier
preventing organisations from creating, collecting or accessing information.
¢ Lack of resources (32%): Respondents specifically mentioned a lack of funding,
time, dedicated staff and trusted resources. Some also commented that the current
commercial offerings are overpriced.
¢ Lack of prioritisation (27%): A lack of motivation and prioritisation was
identified as a barrier to organisations developing and using cyber risk management
information, including amongst board members.
¢ No standardised approach (22%): Respondents stated that there are too many
cyber risk management frameworks and standards, with some specifically
mentioning that existing frameworks are not suitable for some types of organisation.
¢ Lack of regulation (10%): Some respondents highlighted that a lack of
appropriate or enforced regulation creates a barrier for the creation and use of
information as without such regulation organisations have little appetite to seek out
cyber risk management information.
Evidence of how the market is currently effectively addressing
information transparency barriers
18/27
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