In research carried out by professional advisory Ernst & Young, nearly nine out of ten CIOs surveyed said that they saw an increasing threat from IT security attacks.

Reports of attacks were also on the increase with 88 percent of UK organisations reporting increasing attacks compared to 72 percent from this time last year.

The survey also revealed that while 77 percent or organisations surveyed were now employing cloud services, a fifth of cloud users had employed no further security measures with the employment of the service.