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Report: Hacks on UK businesses costing investors £42 billion

Hacking

A new report from CGI and Oxford Economics claims that hacks on UK businesses are costing investors £42 billion, with FTSE 100 companies incurring average costs of £120 million with each breach. Furthermore, the study also found the share prices of companies that have been hacked  fall by an average of 1.8 per cent on a permanent basis following a severe breach […]