The amount of money UK businesses spend on cybersecurity has fallen by a third since last year, according to a Global State of Information Survey 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.
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.