Cyber attacks hit a third of businesses globally
Almost one in three organisations globally have been hit by a successful cyber attack in the past year as incidents become a recurring cost, according to research from Hiscox.
In its 10th annual Cyber Readiness Report, based on a survey of 6,800 cyber security decision-makers across the UK, Europe and the US, Hiscox found that, on average, cyber incidents cost organisations around $52,000 (£38,600).
The insurer also reported on top of this comes an approximate 32 hours of operational disruption caused by a cyber attack.
One in three said the incident delayed growth and expansion plans (32%), and similar numbers cited an increase in staffing cost (31%), financial damage
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