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Cyberattacks cost UK £14.7bn per year, research published with bill shows

( November 12, 2025, 09:39 GMT | Official Statement) -- MLex Summary: Cyberattacks cost the UK £14.7 billion a year, equivalent to 0.5 percent of GDP, government-commissioned research published as part of the introduction of the Cyber Security and Resilience Bill showed. The findings, drawn from five independent studies, reveal sector-wide vulnerabilities and growing economic risks. KPMG's report said the average significant cyberattack costs a UK business almost £195,000, while Alma Economics estimated that cyberattacks attempting intellectual property and knowledge-asset thefts drained between £1 billion and £8.5 billion in 2024. Statement follows. Research reports attached....

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