UK businesses have lost a total of $55 billion (£47 billion) to cyber-attacks over the past five years.
Many companies are becoming more aware of the critical importance of cybersecurity and are beginning to allocate the necessary budgets to safeguard their digital assets.
61% of organizations have started using antivirus solutions within their IT environments, and 55% have implemented firewalls—an increase of 30% from just four years ago.
The staggering $55 billion figure highlights the urgency for businesses to take cybersecurity seriously, invest in robust security frameworks, and educate their teams to prevent future cyber threats.