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Cyber Attacks make UK SMEs loose £3.4 billion a year

  • Small and medium-sized enterprises (SMEs) in the UK are losing nearly £3.4 billion annually due to cyberattacks.
  • The average cost per SME is £3,398, which includes expenses related to data breaches, business interruptions, and reputational damage.
  • Lack of financial resources and in-house expertise in cybersecurity contribute to the vulnerability of SMEs.
  • SMEs need to prioritize cybersecurity, invest in employee training, and consider professional cybersecurity services to mitigate risks.

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