The cost of recovery from a security breach? Over £1 million for UK businesses

A business in the UK would need to spend over £1 million to recover from a security breach, new research has claimed. According to the 2017 Risk:Value report from NTT Group, UK companies have to pay more than the global average of £1 million, which has gone up from the previous report’s estimate of $907,000. The report is based on a poll of 1,350 non-IT business decision makers, scattered across 11 countries, 200 of which were from the UK. The results have shown that businesses would need roughly 80 days to recover from an attack, almost a week longer from the 74-day global average,… [Continue Reading]