Cyberattacks are potentially ruinous events for business owners. As of 2024, the average cost the most disruptive cyber security breach in the previous 12 months in the United Kingdom was 1,205 British pounds across all businesses, however, this figure becomes greater as the size of a business increases. The cost of a cyber attack is not only financial, with companies having to spend time on recovering from the attacks.
Methods of attack
Would-be cyber attackers have a large range of tools at their disposal, with which to get around a business’s digital defenses. Fraudulent emails or being directed to fraudulent websites was by far the most common method used during 2019, with 80 percent of security breaches coming in that form.
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GOV.UK. (April 9, 2024). Average total cost of the most disruptive cyber security breach for businesses in the United Kingdom (UK) in 2024 (in GBP) [Graph]. In Statista. Retrieved October 07, 2024, from https://www.statista.com/statistics/586788/average-cost-of-cyber-security-breaches-for-united-kingdom-uk-businesses/
GOV.UK. "Average total cost of the most disruptive cyber security breach for businesses in the United Kingdom (UK) in 2024 (in GBP) ." Chart. April 9, 2024. Statista. Accessed October 07, 2024. https://www.statista.com/statistics/586788/average-cost-of-cyber-security-breaches-for-united-kingdom-uk-businesses/
GOV.UK. (2024). Average total cost of the most disruptive cyber security breach for businesses in the United Kingdom (UK) in 2024 (in GBP) . Statista. Statista Inc.. Accessed: October 07, 2024. https://www.statista.com/statistics/586788/average-cost-of-cyber-security-breaches-for-united-kingdom-uk-businesses/
GOV.UK. "Average Total Cost of The Most Disruptive Cyber Security Breach for Businesses in The United Kingdom (Uk) in 2024 (in Gbp) ." Statista, Statista Inc., 9 Apr 2024, https://www.statista.com/statistics/586788/average-cost-of-cyber-security-breaches-for-united-kingdom-uk-businesses/
GOV.UK, Average total cost of the most disruptive cyber security breach for businesses in the United Kingdom (UK) in 2024 (in GBP) Statista, https://www.statista.com/statistics/586788/average-cost-of-cyber-security-breaches-for-united-kingdom-uk-businesses/ (last visited October 07, 2024)
Average total cost of the most disruptive cyber security breach for businesses in the United Kingdom (UK) in 2024 (in GBP) [Graph], GOV.UK, April 9, 2024. [Online]. Available: https://www.statista.com/statistics/586788/average-cost-of-cyber-security-breaches-for-united-kingdom-uk-businesses/