The National Cyber Security Centre is among a consortium that has launched the £ 1 billion ( $ 1.3 m ) Cyber Readiness for Boards project , aimed at helping company boards assess and deal with cybersecurity risks . The project , which runs until September 2020 , will start with six high - tech multinational companies , before expanding to other businesses next year . “We have taken an evidence-based approach to developing our own board toolkit, and welcome new research into how UK boards make decisions around cyber risk. It is estimated cyber crime costs the UK £ 30bn annually , but a recent report by PricewaterhouseCooper revealed only 11 % of top CEOs and investors believed their boards have a high level of risk management .
The National Cyber Security Centre is among a consortium that has launched the £ 1 billion ( $ 1.3 m ) Cyber Readiness for Boards project , aimed at helping company boards assess and deal with cybersecurity risks . The project , which runs until September 2020 , will start with six high - tech multinational companies , before expanding to other businesses next year . It is estimated cyber crime costs the UK £ 30bn annually , but a recent report by PricewaterhouseCooper revealed only 11 % of top CEOs and investors believed their boards have a high level of risk management .