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Infosecurity Magazine

Cybersecurity incidents have cost UK mid-market firms a combined £30bn over the past year as automated attacks become the norm, according to Grant Thornton.

The accounting and consulting giant interviewed 500 UK business leaders from firms with revenue of between £15m and £1bn to compile its latest study, Cyber security: the board report.

It revealed that more than half of those polled had reported losses of between 3-10% of revenue following a cybersecurity breach. For those hit hardest, losses were up to 25% of revenue.

 

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