At a panel debate at the East West institute cyber security summit in London, the question was asked 'What's needed for business to secure and succeed in cyber space'.

Earlier, BT Group chairman Sir Michael Rake said that it was clear that 'we are living in a world of uncertainty to risk' and we had never been more global with supply chains and outsourcing.

Matt Bross, CTO of Huawei said that businesses need to understand what is at risk and appropriate investments properly as well as seek advice from external sources. In agreement was Natalya Kaspersky, CEO of InfoWatch and co-founder of Kaspersky Lab, who encouraged taking a measure of strategy and decide if you need to add more security to deal with current and advancing threats.

“Where and how do you add it if so? Security is a process that must be constantly supported,” she said.

Martin Sutherland, managing director of BAE Systems Detica, commented that decisions are often left to IT to make, and a 'vanilla' set of responses are put in that will not counter specific threats to the business.

He said: “You should think about cyber threats alongside other risks to the business, so traditional risks may be worked through in cyber space. Figure out who are the attackers, what their motives are and what impact will an attack have on your business if it is played out.”

Vartan Sarkissian, CEO of Knightsbridge Cybersystems, claimed that cyber space is now so vast that once a company plugs itself in, it is already international and for a company to be succesful, they need to be plugged into cyber space.

“For a balance of security and success there is no 'one size fits all' solution, you can categorise threats by internal through risk assessment and integrate with the right teams, or external with collaboration, but take a step back to work on the public/private communication,” he said.