The UK is the most breached country in Europe, but IT security spend remains low compared with other countries in the region, a report reveals.
More than a third of UK businesses reported cyber attacks in the past year, which was higher than any other country in Europe, according to the European edition of the 2018 Thales data threat report.
However, despite a 24% increase in the number of attacks compared with the previous year, UK firms claimed to feel less vulnerable to data threats, compared with those across Germany, Sweden and the Netherlands, and consequently invested less in cyber security.
While more organisations across Sweden (78%) and the Netherlands (74%) admitted to being breached in the past, compared with just 67% of organisations in the UK, the report said it was a different story in the past 12 months.
UK breaches becoming more common
Thales data shows that while 37% of businesses across the UK were breached, the figures were lower for Germany (33%), Sweden (30%) and the Netherlands (27%).
Despite the rise in attacks, just 31% of UK organisations said they feel “very” or “extremely” vulnerable to data threats, leaving the majority (69%) feeling “somewhat” or “not at all” vulnerable. Businesses across Sweden claimed to feel the most vulnerable (49%), followed by the Netherlands (47%) and Germany (36%).
Although 69% of UK organisations reported an overall increase in their IT security spending, with 15% saying it was much higher’ than the previous year, the report said the increase is still less than spend in Sweden, where 75% of businesses have upped their budgets to offset threats, and Germany where 76% have increased their IT security budgets.
While 72% of organisations polled have dedicated more money to IT security, UK businesses appeared to still fall short compared with their European counterparts, with 39% of Swedish respondents saying their budget was “much higher” than the previous year and an additional 36% claiming it was ‘somewhat higher’, and spending said to be “a lot more” by 29% of firms in the Netherlands and 24% in France.