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Cyber Crime is up 2,650% in 2021
61% of small businesses reported a cyber attack in 2021. The Information Commissioners Office (ICO) reports cyber crime up 2,650% in 2021 for small businesses.
The average cost for a small business that experiences a cyber attack is £20,000 to rectify, and a company who experiences a cyber attack loses an average of 40% of their customers afterwards.
88% of UK companies experienced Cyber Crime in 2021, the fourth highest in Europe with 41% of customers saying they stop using a company that has just experienced a hack.
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