UK Businesses have cut cyber-security budget by a third

Businesses in the UK have cut the amount of cash they are prepared to spend on cyber security despite the rise in global attacks this year.

According to recent PwC research budgets for security have dropped 30% in the last 12 months with the average cost of an attack at around £850,000. Over the past year the number of cyber threats has risen with several being headline news such as the 'WannaCry' attack which hit the NHS and the more recent 'Bad Rabbit' which spread across Europe.

Despite this one in five UK businesses were found to have no kind of action plan in the event of a cyber attack. You can read the rest of the report here : UK businesses have slashed their cyber security budgets by a third, PwC report finds | City A.M.

You can also download the Aabyss Cyber Security Checklist to find out how you can reduce your businesses exposure to an attack.