Make UK found that over a quarter of respondents to its survey reported substantial financial loss as the result of an attack, with losses ranging from £50,000 to £250,000.
Businesses' exposure to cyber-security risks is increasing, with nearly 95 per cent saying cyber-security measures are necessary for their company, while two-thirds said the importance of cyber security has increased in the last 12 months.
Nevertheless, the survey found that the majority (54 per cent) of respondents decided not to take any further cyber-security action, despite the adoption of new technologies to boost production.
Cyber-security risks for any large firm range from simple employee error through to complex targeted attacks. The top three cyber-security vulnerabilities were identified as maintaining legacy IT (45 per cent); a lack of cyber skills within the company (38 per cent), and providing access to third parties for monitoring and maintenance (33 per cent).
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