Menu

  • Alerts
  • Incidents
  • News
  • APTs
  • Cyber Decoded
  • Cyber Hygiene
  • Cyber Review
  • Cyber Tips
  • Definitions
  • Malware
  • Threat Actors
  • Tutorials

Useful Tools

  • Password generator
  • Report an incident
  • Report to authorities
No Result
View All Result
CTF Hack Havoc
CyberMaterial
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
Hall of Hacks
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
No Result
View All Result
Hall of Hacks
CyberMaterial
No Result
View All Result
Home News

UK Businesses Face Cyber Onslaught

April 10, 2024
Reading Time: 3 mins read
in News
UK Businesses Face Cyber Onslaught

The UK Government’s Cyber Security Breaches Survey 2024 reveals that half of UK businesses and two-thirds of charities experienced cyber incidents or data breaches in the past year, marking an increase compared to the previous year’s figures. Large businesses were most affected, with 74% reporting breaches, followed by medium-sized (70%) and small businesses (58%). Phishing attacks were the primary cause of breaches, affecting 84% of businesses and 83% of charities.

Despite the high prevalence of cyber incidents, the survey indicates that the majority of affected organizations were able to restore operations within 24 hours. However, about 13% of businesses reported negative outcomes, including website slowdowns, loss of access to files, and monetary theft. Medium and large businesses were more likely to experience adverse effects, with 32% of them reporting at least one issue.

The financial costs associated with cyber incidents vary significantly across different business sizes. While the mean short-term direct cost per incident was £510 ($646) for all businesses, medium/large businesses incurred substantially higher costs (£4670 or $5923) compared to micro/small businesses (£330 or $418). Long-term costs, including software upgrades and legal fees, averaged £240 ($304) across all businesses, with medium/large businesses bearing the brunt at £3550 ($4503).

The survey also highlights areas of concern, such as limited focus on risk management and incident response. Only a small proportion of businesses review the risks posed by immediate suppliers, and less than a third have undertaken cybersecurity risk assessments in the past year. Additionally, external reporting of breaches remains uncommon, with only 34% of businesses sharing breach information outside their organization.

Reference:
  • Half of UK Businesses Experience Cyber-Incidents Annually
Tags: April 2024Cyber NewsCyber News 2024Cyber threatsCybersecurityGovernmentPhishingUK
ADVERTISEMENT

Related Posts

Banking Groups Urge SEC To Repeal Cyber Rule

Banking Groups Urge SEC To Repeal Cyber Rule

May 27, 2025
Banking Groups Urge SEC To Repeal Cyber Rule

Microsoft Launched Regional Cyber Initiative

May 27, 2025
Banking Groups Urge SEC To Repeal Cyber Rule

Red Hat announced a new collaboration with AMD

May 27, 2025
NIST Launches New Metric to Track

OpenAI Finds Zero-Day Vulnerability

May 26, 2025
NIST Launches New Metric to Track

Russian hacker indicted for Qakbot attacks

May 26, 2025
NIST Launches New Metric to Track

NIST Launches New Metric to Track

May 26, 2025

Latest Alerts

FBI Warns Luna Moth Targets US Law Firms

Winos 4.0 Malware Spread Via Fake Installers

GhostSpy Android Malware Full Device Control

D-Link Routers Exposed by Weak Credentials

TA-ShadowCricke Unmasked via Backdoors

Killnet Resurfaces with New Identity

Subscribe to our newsletter

    Latest Incidents

    Everest Ransomware Leaks Coke Staff Data

    Adidas Data Breach Exposes Customer Contacts

    Semiconductor Firm AXT Hit by Data Breach

    Hackers Steal $700K from Philly School District Accounts

    Chinese hackers hit US utilities via flaw

    Naukri Fixes Bug That Exposed Recruiter Email Addresses

    CyberMaterial Logo
    • About Us
    • Contact Us
    • Jobs
    • Legal and Privacy Policy
    • Site Map

    © 2025 | CyberMaterial | All rights reserved

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Add New Playlist

    No Result
    View All Result
    • Alerts
    • Incidents
    • News
    • Cyber Decoded
    • Cyber Hygiene
    • Cyber Review
    • Definitions
    • Malware
    • Cyber Tips
    • Tutorials
    • Advanced Persistent Threats
    • Threat Actors
    • Report an incident
    • Password Generator
    • About Us
    • Contact Us
    • Advertise with us

    Copyright © 2025 CyberMaterial