Cyber risk being ignored by UK boards.

The total cost of cyber security breaches to UK mid-market businesses with a turnover between £15m and £1bn a year reached at least £30bn in the past 12 months, according to assurance, tax and advisory firm Grant Thornton. More than half (53%) of just over 500 UK mid-market companies interviewed reported losses equivalent to between 3% and 10% of revenue following a cyber breach, with those businesses hit most severely reporting losses as high as 25% of revenue.

Source: Computer Weekly