The Average “Cyber Breach” Costs Business £5,220 Says this Gov’t Report: Is It Badly Wrong?

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A recent government-commissioned report claims that the average cost of a cyber-breach for medium to large UK businesses and charities is a mere £5,220 – despite other industry surveys estimating this number to be closer to £4 million.

But industry experts are warning that the figure appears to be misleadingly low and could lead to complacency about the real impact of a breach; even as security specialists warn that cyber hygiene remains inadequate at many businesses.

The Department of Digital, Culture, Media and Sport (DCMS)’s fifth annual cyber security breaches survey, published March 26, also reports

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