Cyber attacks on the rise

Data from the fifth annual Hiscox Cyber Readiness Report shows the proportion of firms targeted by cyber criminals in the past year rose from 38% to 43%. Over a quarter of those businesses also said they experienced five or more attacks, while one in six said a cyber event had threatened their organisation’s viability. The data does, however, show firms are responding to the rising threat, with cyber security spending per business doubling in the last two years.

All details are correct at the time of writing (11 May 2021).