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Falanx Group Ltd

More than half of British firms ‘report cyber-attacks in 2019’

The proportion of UK firms reporting a cyber-attack has jumped, despite most businesses admitting they are under-prepared for breaches, according to research from Hiscox.

The insurer found 55% had faced an attack in 2019, up from 40% last year.

But almost three quarters of firms were ranked as “novices” in terms of cyber readiness.

Hiscox said a lot of businesses “incorrectly felt that they weren’t at risk”.

Falanx Group Ltd (LON:FLX), through its subsidiaries, provides cyber defence and intelligence services to blue chip and government clients worldwide. It operates through Falanx Cyber Defence and Falanx Intelligence divisions. 

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.