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.
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