Cyberattacks cost British businesses $55 billion in past five years, broker says

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LONDON : Cyberattacks have cost British businesses around 44 billion pounds ($55.08 billion) in lost revenue in the past five years, with 52 per cent of private sector companies reporting at least one attack in that time, insurance broker Howden said on Monday.

Cost and lack of internal IT resources were among factors behind businesses' low level of cybersecurity.

FILE PHOTO: Figurines with computers and smartphones are seen in front of the words "Cyber Attack" in this illustration taken, February 19, 2024.

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Article Details

Category: EconomyBusiness

Markets: SingaporeMali

Topics: Cyber 2024 Cent Pounds Private Cost Cyberattacks Howden Sector Businesses Revenue

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-25 @ 15:01:54 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 273 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 23817643

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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Year Established: 1999

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