UK Businesses Face Soaring Cyber Costs: Nearly £200 Million Paid in Claims as Threats Escalate
In a stark illustration of the escalating digital threats facing the nation, United Kingdom businesses recovered a record nearly £200 million from cyber insurers in 2024 to help mitigate the impact of UK Cyber Costs. This represents a dramatic increase of 230% year-on-year, underscoring the growing financial burden and operational disruption caused by cyberattacks. The…