Cyber security

Online retailers could lose £5.9 billion through cyber-attacks

By Sophie Nutt | 8 June 2020

Online retailers could lose £5.9 billion through severe data breaches each year, based on the average cost and frequency of cyber-attacks in the e-commerce sector. Research published by cloud solutions company, iomart, analyses the financial impact of ‘typical’, ‘severe’ and ‘catastrophic’ data breaches to reveal what each could cost top…

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