The amount of money UK businesses spend on cybersecurity has fallen by a third since last year , according to a recent study . The research showed average spending has fallen from £ 6.2 m last year to just £ 3.9 m , and that one in five companies have no preparation plans for cyber attacks . However the actual cost of such attacks has fallen from £ 2.6 m to just £ 857,000 , although more than a quarter of firms did n't know how many attacks they had suffered , compared with 18 attacks the year before .
The amount of money UK businesses spend on cybersecurity has fallen by a third since last year, according to a PwC survey. The research showed average spending has fallen from £6.2m last year to just £3.9m, and that one in five companies have no preparation drills for cyber attacks. However the reported cost of such attacks has fallen from £2.6m to just £857,000, although more than a quarter of firms didn't know how many attacks they had suffered, compared with 18% the year before.