Cyber security attacks costing more than £1.7million, with oil and gas firms at risk

October 8, 2015

Almost 10% of companies in the UK are unaware they have been victim to cyber security attacks with incidents now costing an average of £1.7million, according to a new report.

The annual survey, which involved more than 10,000 executive from more than 127 countries, showed an escalation in the frequency, severity and impact of cyber-attacks.

Insiders – either current or former employers – top the list as a major source of incidents with 14% of companies unsure of how they happened.

But it was also found firms are becoming more adept at prevention and detection methods with innovation also on the rise.

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