The BBC report noted that 2010 saw the arrival of the Stuxnet virus, which targeted industrial plant equipment and
2011, has been marked by targeted attacks on petrochemical firms, the London Stock Exchange, the European Commission and many others.
Samani said that, as firms start to use cloud-based services to make data easier to get at, they had to work hard to ensure they know who can see that key corporate information.
Otherwise, he warned, in the event of a breach, companies could find themselves losing the trust of customers or attracting the attention of regulators.
"You can transfer the work but you cannot transfer the liability," Samani said.
Cyber criminals can hurt company's reputation.
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