Cybercrime Has Doubled in the Last Five Years

By Dave McKay | July 10, 2020

Cyber Attacks in the UK Double in Five Years

A new report says that a quarter of UK businesses suffered cybercrime in 2019. That equates to about 1.5 million businesses, up from 755,000 in 2015.

Even though large enterprises are considered most at risk, it’s SMEs who saw the steepest rise in victim rates. Beaming claims almost two thirds (62 per cent) of SMEs were attacked in 2019.

The cost of these attacks is around £87 billion ($108 billion).

“The threat has grown astronomically over the last five years. What used to be seen as a big-business problem has become a serious concern for every company director, manager and IT professional out there. Small businesses are now on the front line in the war against cybercrime. But they haven’t invested in cybersecurity or employee education at the same rate as their larger counterparts, and they are easier targets as a result.”

Source: IT Pro Portal