A new survey has found that one in six businesses have experienced a cyber attack in the past year, with the financial costs of attacks spiralling to over £200bn a year. The research, conducted by Grant Thornton, also found that on average a successful cyber attack will cost a business 1.2% of its revenue. 15% of businesses say they have faced a cyber attack in the past year, with those in the EU and America being hit the hardest, with attacks reported by 18% and 19% of firms respectively. Perhaps unsurprisingly, the research found that the sector most concerned by cyber attacks is financial services (74%). The concern in that industry is borne out in reality, as it has the joint-highest recorded instances of cybercrime (26%).
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