Almost 900,000 small and medium-sized businesses across the Zurich have been affected by a cyber attack in July , but fewer than half plan to spend more than £1,000 ($ 1,300 ) on cybersecurity, according to a survey by insurance company UK . Of the companies hit, just over a fifth reported that it cost them more than £10,000 and one in 10 The revelations come despite more than 20% of firms admitting cyber attacks had set them back £ 10,000 , while 1.8% lost more than £50,000 . Share prices permanently lose more than 20% after a cyber attack, according to a study commissioned by cybersecurity firm CGI .
Almost 900,000 small and medium-sized businesses across the Zurich have been affected by a cyber attack in July , but fewer than half plan to spend more than £1,000 ($ 1,300 ) on cybersecurity, according to a survey by insurance company UK . The revelations come despite more than 20% of firms admitting cyber attacks had set them back £ 10,000 , while 1.8% lost more than £50,000 . Share prices permanently lose more than 20% after a cyber attack, according to a study commissioned by cybersecurity firm CGI .