Cyber attacks fall, but costs rise

Information Security Breaches Survey 2014

The average cost of information security breaches affecting UK businesses has almost doubled in the past year, even though there has been a slight fall in the number of incidents, according to PwC’s annual survey of information security breaches, which was launched at the Infosec Europe event in London this week.

While cyber attacks have dropped off, the effects of breaches have got worse (see table right). 

The average cost of the most serious IT security breach experienced by 1,125 businesses surveyed rose for the third consecutive year, according to the survey, which was commissioned by the Department for Business, Innovation and Skills (BIS).

For small businesses the worst breaches cost between £65,000 and £115,000 on average and for large organisations between £600,000 and £1.15m...

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