Cost of UK cybersecurity breaches doubles.

• Position: CYBERSECURITY - Brief article

The average cost of the worst single security breach experienced by UK businesses of all sizes has risen sharply over the last year, according to the Information Security Breaches Survey 2015 commissioned by the UK's Department for Business, Innovation and Skills (BIS). Breach costs include elements such as business disruption, lost sales, recovery of assets, and fines and compensation.

Costs have more than doubled for larger businesses (more than 500 employees), ranging from 1.46 million [pounds sterling] to 314 million [pounds sterling] (about $2.2 million to $4.7 million, U.S.) as compared to 600,000 [pounds sterling] to 1.15 million [pounds sterling] ($900,000 to $1.7 million) the prior year. Smaller businesses didn't fare much better as the average cost climbed to 75,000 [pounds sterling] to 311,000 [pounds sterling] ($112,500 to $466,500) from 65,000 [pounds sterling] to 115,000 [pounds sterling] ($97,500 to $172,500) in 2014.

The type of attacks didn't show such...