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07

'Inevitable' cyber security breach to cost UK businesses more than £1m

Open-access content Monday 17th July 2017 — updated 5.50pm, Wednesday 29th April 2020

UK firms will have to spend an average of £1.1m to recover from a data security breach this year, according to a new report by NTT Security.

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It reveals that 63% believe an attack is inevitable, and that it will take an average of 80 days to recover. Read the full article on our Predictions site here

This article appeared in our July 2017 issue of The Actuary .
Click here to view this issue

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