Cyberattacks cost UK businesses approximately £44 billion (US$55.3 billion) in lost revenue over the past five years, according to research published by Howden, the London-based insurance intermediary group.
Half of those businesses (52%), or 1.3 million private sector companies, have suffered at least one cyberattack during that time period (2019-2024), costing on average 1.9% of revenue, said the study whic