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Half of UK businesses hit by cyber attack in 2023

Nearly half of UK businesses experienced a cyber attack in the past year, up from 44% to 48%, according to the Cyber Readiness Report by insurance specialist Hiscox. Cyber incidents led to a median loss of over £19,000 for businesses, and companies with over 1,000 employees suffered median costs of around £71,692. The property, pharma/healthcare, and travel/leisure sectors were most at risk.

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