An exclusive IT report on security. It investigates the cybersecurity preparedness, experiences, and failings of organizations. Based on a survey of 400 SMBs & enterprises in the UK and US, this paper looks at why many organizations are overconfident in their cybersecurity preparedness, and the dangers this poses for the business. It outlines the top seven pitfalls that are opening UK and US businesses up to the risk of a data breach and identifies four ways to improve your security preparedness.