Among all businesses in the United Kingdom (UK), 23 percent had formal policies or policies covering cyber security risks as of 2022. Among all company sizes, large and medium-sized firms had the highest share of respondents with formal policies with 57 and 48 percent respectively.
The number of businesses with formal policies covering cyber security risks increased in recent years. That could be connected to the increase use of cloud computing and the different types of cyber incidents experienced by companies worldwide.
Share of businesses in the United Kingdom (UK) with formal policies covering cyber security risks as of 2022, by business size
The source adds the following information:
"Survey respondents are 1,243 UK businesses; 696 micro firms, 264 small firms, 149 medium firms, and 134 large firms.
For businesses, analysis by size splits the population into micro businesses (1 to 9 employees), small businesses (10 to 49 employees), medium businesses (50 to 249 employees), and large businesses (250 employees or more).
We undertook a random probability telephone survey of 1,243 UK businesses, 424 UK registered charities, and 420 education institutions from 16 October 2021 to 21 January 2022.
We carried out 35 in-depth interviews between December 2021 and January 2022, to gain further qualitative insights from some of the organizations that answered the survey. Sole traders and public-sector organizations were outside the scope of the survey. In addition, businesses with no IT capacity or online presence were deemed ineligible. These exclusions are consistent with previous years, and the survey is considered comparable across years."
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GOV.UK. (March 30, 2022). Share of businesses in the United Kingdom (UK) with formal policies covering cyber security risks as of 2022, by business size [Graph]. In Statista. Retrieved August 19, 2022, from https://www.statista.com/statistics/586629/formal-policies-covering-cyber-security-risks-in-united-kingdom-uk-businesses/
GOV.UK. "Share of businesses in the United Kingdom (UK) with formal policies covering cyber security risks as of 2022, by business size." Chart. March 30, 2022. Statista. Accessed August 19, 2022. https://www.statista.com/statistics/586629/formal-policies-covering-cyber-security-risks-in-united-kingdom-uk-businesses/
GOV.UK. (2022). Share of businesses in the United Kingdom (UK) with formal policies covering cyber security risks as of 2022, by business size. Statista. Statista Inc.. Accessed: August 19, 2022. https://www.statista.com/statistics/586629/formal-policies-covering-cyber-security-risks-in-united-kingdom-uk-businesses/
GOV.UK. "Share of Businesses in The United Kingdom (Uk) with Formal Policies Covering Cyber Security Risks as of 2022, by Business Size." Statista, Statista Inc., 30 Mar 2022, https://www.statista.com/statistics/586629/formal-policies-covering-cyber-security-risks-in-united-kingdom-uk-businesses/
GOV.UK, Share of businesses in the United Kingdom (UK) with formal policies covering cyber security risks as of 2022, by business size Statista, https://www.statista.com/statistics/586629/formal-policies-covering-cyber-security-risks-in-united-kingdom-uk-businesses/ (last visited August 19, 2022)