Almost 900,000 small and medium-sized businesses across the UK have been affected by a cyber attack in the past 12 months, but fewer than half plan to spend more than £1,000 ($1,300) on cybersecurity, according to a survey by insurance company Zurich. The survey, which was carried out among 1,000 British businesses, found that only one third of those surveyed had taken steps to protect their systems from attack. Share prices permanently lose 1.8% after a cyber attack, according to a study commissioned by cybersecurity firm CGI.
Almost 900,000 small and medium-sized businesses across the UK have been affected by a cyber attack in the past 12 months, but fewer than half plan to spend more than £1,000 ($1,300) on cybersecurity, according to a survey by insurance company Zurich. The revelations come despite more than 20% of firms admitting cyber attacks had set them back £10,000, while 10% lost more than £50,000. Share prices permanently lose 1.8% after a cyber attack, according to a study commissioned by cybersecurity firm CGI.