UK businesses lost £44 million due to cyber attacks over five years

According to Amac News: Howden reported that cyber attacks have, on average, resulted in a loss of 1.9% of revenue for UK businesses. Companies with annual revenues exceeding £100 million are more likely to have fallen victim to a cyber attack.
The most common causes of cyber attacks were found to be malicious emails (20%) and data theft (18%). However, only 61% of businesses use antivirus software, and just 55% employ network firewalls. Cost and a lack of internal IT resources are cited as factors contributing to the low levels of cybersecurity among businesses.
Sarah Neild, one of Howden's executives, stated that cybercrime is on the rise, and malicious actors continue to exploit cybersecurity vulnerabilities, especially as companies become increasingly reliant on technology for their operations.
According to a Reuters report, Howden's findings are based on a survey of 905 IT decision-makers in the UK private sector conducted by YouGov for the insurance brokerage in September.