Cyber-attacks cost UK businesses over £34bn each year according to a new study from a leading economic analyst. The report also reveals that many CTOs believe the government is not doing enough to help them.
The Centre for Economics and Business Research (CEBR) report claimed that £18bn worth of revenue is lost in cyber incidents each year, while £16bn is spent on IT investments following a breach.
The top concerns when it comes to data breaches are costs accrued from forensics and clean-up, legal and other elements, as well as reputation and brand damage.
You can read the full story on Infosecurity Magazine.