Businesses and the public set to be better protected from online threats
Leading technology firm, Arm, is working with the UK government to strengthen cybersecurity measures for businesses and the public. A £36 million investment to develop new-chip technologies that are more resistant to cyber threats will help make the UK a world leader in tackling online threats and most forms of cyber threats to online products and services. Around a third of businesses report having cybersecurity breaches or attacks in the last 12 months.
This is the next phase of the government’s Digital Security by Design initiative, also backed by Google and Microsoft.
The average cost of a cyber-attack on a business – where a breach has resulted in loss of data or assets – has increased by more than £1,000 since 2018 to £4,180. Basic strategies, such as having strong passwords and updating software regularly, are the best defence for homes and businesses.