Cybercrime is a growing threat for government and public sector organisations, after 14 percent admitted they have been the victim of a web-based scam.
According to research by Pricewaterhouse Coppers, more than a quarter (28 percent) believe they are likely to suffer a cybercrime attack in the next 12 months while 40 percent admit they think the risk of cybercrime to be on the rise.
"Damage to an organisation's reputation and the potential loss of data are high on the public sector's agenda when it comes to the impact of cyber attacks," said Andrew Miller, PwC's head of information security in government.
"This is hardly surprising given recent high profile cases of data security breaches. Therefore, it is vital that organisations continue to ensure they are investing in cybercrime monitoring capabilities and align their management structures to take timely actions if a cyber incident occurs."
PwC added that while over half of public sector organisations claim to have in-house capabilities to detect cybercrime, most don't have the resources to investigate it and are reliant on external forensic technology investigators.
"The statistics also indicate that the most senior people within organisations are not placing enough emphasis on the importance of managing the real threats that cybercrime frauds present to their organisation, with nearly half of Boards not reviewing the threat more frequently than annually," added Miller.
Recently, PwC estimated the UK spent £3bn on cyber security last year. The total global spend on cyber security was $60bn and this figure is expected to grow by 10 percent year on year for the next three years.