Despite Decline In Cyberattacks, UK Cos. Should Stay Vigilant

Law360, London (May 3, 2019, 7:13 PM BST) -- The 2019 Cyber Security Breaches survey compiled by the U.K. Department for Digital, Culture, Media and Sport outlined that 32% of businesses identified a cybersecurity attack in the last 12 months. This number has decreased from last year where 43% of businesses identified a cyberattack.

By contrast, the average cost of a cyberattack has increased. What has changed in the last 12 months that has contributed to the decline? Are organizations better at preventing cybersecurity incidents or has the threat landscape changed?

The Reason for the Decline

Cybersecurity awareness has been increasing over time. Data breaches and large scale cybersecurity attacks...

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