This statistic shows the average costs to businesses through cyber crime in the United Kingdom (UK) in 2016 by company size. This includes the average direct costs, average recovery costs and estimated long-term costs. There is a clear correlation between the size of a company and the overall costs of cyber breaches, with large companies seeing an average of 19,600 British pounds for a cyber attack while a micro/small company sees an average cost of 1,380 British pounds.
Average costs of cyber breaches to businesses in the United Kingdom (UK) in 2016, by company size
(GBP)
The source adds the following information: 'A total of 30 in-depth interviews were undertaken in January and February 2017 to follow up with businesses that had participated in the survey and gain further qualitative insights.'
* Direct costs include: costs from staff being prevented from carrying out their work; lost, damaged or stolen outputs, data, or assets; and lost revenue if customers could not access online services.
** Recovery costs include: additional staff time needed to deal with the breach or to inform customers or stakeholders; costs to repair equipment or infrastructure; and any other associated repair costs.
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Department for Digital, Culture, Media and Sport (UK). (April 29, 2017). Average costs of cyber breaches to businesses in the United Kingdom (UK) in 2016, by company size (GBP) [Graph]. In Statista. Retrieved November 08, 2024, from https://www.statista.com/statistics/753339/average-costs-of-cyber-breaches-to-businesses-by-size-uk-united-kingdom/
Department for Digital, Culture, Media and Sport (UK). "Average costs of cyber breaches to businesses in the United Kingdom (UK) in 2016, by company size (GBP)." Chart. April 29, 2017. Statista. Accessed November 08, 2024. https://www.statista.com/statistics/753339/average-costs-of-cyber-breaches-to-businesses-by-size-uk-united-kingdom/
Department for Digital, Culture, Media and Sport (UK). (2017). Average costs of cyber breaches to businesses in the United Kingdom (UK) in 2016, by company size (GBP). Statista. Statista Inc.. Accessed: November 08, 2024. https://www.statista.com/statistics/753339/average-costs-of-cyber-breaches-to-businesses-by-size-uk-united-kingdom/
Department for Digital, Culture, Media and Sport (UK). "Average Costs of Cyber Breaches to Businesses in The United Kingdom (Uk) in 2016, by Company Size (Gbp)." Statista, Statista Inc., 29 Apr 2017, https://www.statista.com/statistics/753339/average-costs-of-cyber-breaches-to-businesses-by-size-uk-united-kingdom/
Department for Digital, Culture, Media and Sport (UK), Average costs of cyber breaches to businesses in the United Kingdom (UK) in 2016, by company size (GBP) Statista, https://www.statista.com/statistics/753339/average-costs-of-cyber-breaches-to-businesses-by-size-uk-united-kingdom/ (last visited November 08, 2024)
Average costs of cyber breaches to businesses in the United Kingdom (UK) in 2016, by company size (GBP) [Graph], Department for Digital, Culture, Media and Sport (UK), April 29, 2017. [Online]. Available: https://www.statista.com/statistics/753339/average-costs-of-cyber-breaches-to-businesses-by-size-uk-united-kingdom/