An organization without a cyber security strategy is an organization with the door open for trouble to walk right in unchallenged.
If you're in any doubt, take a look at the Government's latest Cyber Security Breaches Survey, which found 32% of businesses had suffered a breach or attack in the previous 12 months. While this is less than 2018 (43%) and 2017 (46%), the financial impact of these events has been steadily increasing. In 2017, the average cost to an affected business was £2,450, whereas in 2019 that's risen to £4,180.