One in five British firms had been hit by a cyber attack last year.
Research suggests one in five British firms had been hit by a cyber attack last year.
The British Chamber of Commerce (BCC) surveyed 1,200 companies and said larger firms – defined as those with over 100 staff – were more likely to be attacked than smaller firms.
The report found 42% of larger firms had been the victim of a cyber attack, compared with 18% of smaller ones.
The business group has urged companies to do more to protect themselves.
Just a quarter of the firms the BCC surveyed said they had put in place security measures to protect themselves against hacking.
BBC director-general, Adam Marshall, said: "Cyber attacks risk companies' finances, confidence and reputation, with victims reporting not only monetary losses, but costs from disruption to their business and productivity.
"Firms need to be proactive about protecting themselves from cyber attacks"
The law requires organisations to have appropriate measures in place to keep people’s personal data secure and next year data protection regulation will be extended – increasing business’ responsibilities to protect personal data.
Mr Marshall added: "Firms that don't adopt the appropriate protections leave themselves open to tough penalties."Return to internet news headlines
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