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British businesses lost $55 billion from Cyber Attacks

  • 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.

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