Cyber risk being ignored by UK boards.

The
total cost of cyber security breaches to UK mid-market businesses with a
turnover between £15m and £1bn a year reached at least £30bn in the
past 12 months, according to assurance, tax and
advisory firm Grant Thornton.
More than half (53%) of just over 500 UK mid-market companies
interviewed
reported losses equivalent to between 3% and 10% of revenue following a
cyber breach, with those businesses hit most severely reporting losses
as high as 25% of revenue.

Source: Computer Weekly

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