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Saturday, March 25, 2023

UK Government Urges Action as Cost of Cyber Security Breaches Doubles

A staggering 90 percent of large businesses in the United Kingdom have reported they have suffered an information security breach, alongside 74 percent of small and medium-sized businesses. The average cost of the most severe online security breaches for big business can now reach £3.14 million ($4.8 million). It starts at £1.46 million, up from £600,000 in 2014, according to government research published today to raise awareness of the growing cyber threat.

Read complete report here.

Homeland Security Todayhttp://www.hstoday.us
The Government Technology & Services Coalition's Homeland Security Today (HSToday) is the premier news and information resource for the homeland security community, dedicated to elevating the discussions and insights that can support a safe and secure nation. A non-profit magazine and media platform, HSToday provides readers with the whole story, placing facts and comments in context to inform debate and drive realistic solutions to some of the nation’s most vexing security challenges.

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