The Cyber Threat Summit 2014: Weighing up the odds of a breach

Just how much of a risk is there for companies that don't take their IT security seriously?

Cyber-criminals have become considerably more sophisticated in their approach in recent times. Picture: Thinkstock

As the business world becomes increasingly empowered by technology, the need for the IT department to maintain vigilance in protecting against threats has never been greater. But when it comes to assessing which projected risks are likely to be the most dangerous, it's hard to know which are the most pressing.

''I hate to say this, but I don't think the risk has ever been greater, and let me explain why, said Greg ...