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.