One in three businesses say cyber security has dropped as a priority

Posted on 29 Feb 2024 by The Manufacturer

Cyber crime is estimated to cost the UK economy £27bn per annum, with businesses bearing a total estimated loss of £21bn per year, according to recent data.

Despite this, one in three businesses has reportedly dropped cyber security as a high priority, and only 42% of medium sized businesses have a firm cyber security strategy in place. As the manufacturing industry continues to be one of the top targets of cyber crime, Neil Matthews, Managing Director of leading spring and presswork manufacturer…

This content is for subscribers only. Subscribe now for free to read the full article.