The cost of cyber attacks revealed in latest government survey

The latest Cyber Security Breaches Survey published by the Department for Digital, Culture, Media and Sport has reported that “the financial costs from such incidents have consistently risen since 2017.”


Cyber attack costs hit over £22,000

The average costs faced by businesses targeted by cyber attackers in 2019 is much higher than in previous years with an average total of £9,270 for medium firms and £22,700 for large firms. The average cost for charities has also risen and now sits at £9,470.

The report has also revealed that 32% of all businesses and 22% of charities have identified cyber security breaches or attacks in the last 12 months.


The consequences of a cyber breach

Cyber attacks/breaches can impact on much more than just finances. The report highlighted that over a quarter of businesses that identified breaches or attacks spent valuable time dealing with their effects and that 19% of incidents stopped staff from carrying out daily work.

Data and assets were also compromised. The report noted that:

“Among the 32 per cent of businesses recording breaches or attacks, this resulted in a negative outcome, such as a loss of data or assets, in 30 per cent of cases. Among the charities recording breaches or attacks, this happened 21 per cent of the time.”


Protect your business with Cyber Essentials

According to the Cyber Breaches Survey 2019 “cyber attacks are a persistent threat to businesses and charities.”

Government organisations like the MOD require all suppliers bidding for contracts involving handling certain sensitive and personal information to be certified against the Cyber Essentials Scheme.

The main benefit of this is that is protects businesses from 80% of common cyber threats and promotes your services as cyber secure.


To learn more about certification, visit our Cyber Essentials page.




Who are we?

From publishing the first national directory of public sector contracts, to being the first to market with our online Tracker solution, we have been the true pioneers of technology and innovation in the public sector marketplace. Throughout our 39 years, we have continued to evolve and chart new territory – placing our customers at the heart of everything we do. Take your business to the next level with Tracker now.

If you request a demo today!

Download your Free UK Defence Industry Report

Get SAAS-Y This Summer with DCI

Start Your Free Trial Today

Download your Free UK Defence Industry Report

Download your Free UK Defence Industry Report

When you sign up for a 3 day free trial or demo.

Limited time only

    BiP Solutions owns DCI and we look after your details carefully. We offer a range of products, services and events (some of which are free) that help buyers tender more efficiently and suppliers find, bid for and win public and private sector contracts. Only tick this box if you wish to receive information about these. We will never share your details with third parties and you will have the opportunity of opting out of communications every time we contact you. For further details, please see our Privacy Policy