As the threat of cybersecurity grows in the U.K. companies are reported to be spending twice as much to prevent their businesses from being targeted, reports City A.M.
In 2016 budgets spent on cybersecurity more than doubled compared to that spent in 2015. It’s reported that, on average, the budget rose to £6.2 million per business as the threat of cyberattacks continued to increase.
According to a PwC’s yearly Global State of Information Security Survey, the cost of preventing cyberattacks and security breaches on businesses has grown by more than half to £2.6 million. Despite interviewing over 10,000 executives from 133 countries, the survey found that U.K. companies [...]