The cost of a breach keeps going up.

The number of medium and large businesses with cyber insurance policies is increasing, as a new government report revealed the average cost of a cyber breach increased by a third.

The Cyber Breaches Survey 2019 found where an attack resulted in the loss of data or assets, the average cost rose by more than £1,000 since 2018 to £4,180.

The average was over £9,000 for larger organisations.

Source: InsuranceTimes