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“The fact that cyber-attacks have cost global investors at least £42bn in recent years is shocking and once again highlights the serious situation businesses are facing. Attack methodologies are evolving by the day and with share prices falling by an average of 1.8% following a severe breach, organisations can no longer afford to be complacent about their cyber security strategy.

“It’s more important than ever for businesses to invest appropriately to protect themselves and their customers. Businesses can do this by taking the fight to cyber-criminals with improved intelligence sharing and better co-operation with law enforcement. Organisations should also instrument their internal networks so that they have broad and deep visibility of network traffic, threats and user behaviour.”