Cyber attacks cost UK firms £34 billion: Survey
Posted On: Nov. 2, 2016 5:00 AM CST
A poll of 500 business leaders in the United Kingdom by internet service provider Beaming Ltd. has revealed that cyber attacks cost U.K. companies more than £34 billion ($41.6 billion) in the year ended March 31, ITProPortal reported. Malware cost £7.5 billion, while data theft cost £6.2 billion. Around 13% of the respondents said that IT infrastructure was damaged by a virus costing £10,516.