David Willetts, minister of state for universities and science, has called for businesses to disclose their experiences of successful and unsuccessful cyberattacks.
He believes that this will help to raise companies' awareness about cybersecurity.
"I would urge companies to be frank with what is happening," Willetts told the Infosecurity Europe conference in London today.
"I want to see British business in whatever sector being much more open about their experiences about cyber threats and possible successful cyber attacks."
Willetts was keen to stress that cybersecurity should be a concern to small as well as large firms.
Quoting PWC's 2012 Cyber Security Breaches Survey, published today, he pointed out that 93 percent of organisations questioned had a security breach in the last year - 67 percent of which were smaller firms.
"We at BIS (Department for Business, Innovation and Skills) are committed to working with business to help businesses understand risk. Over this year we are trying to communicate the message about security to all businesses," he said.
Willetts said that the government was looking to work closely with the private sector - in particular with companies that run and own networks and critical infrastructures - to communicate the importance of cybersecurity.
"We believe the partnership with the private sector is essential," he said.
Security vendors also have a role to play, as Willetts added: "We believe in having a range of strong and innovative companies providing cybersecurity services and products."