Cyber risk now represents so much more than simply the theft of data. Companies are exposed to potentially massive cyber-related business interruption risks, reputational damage, physical damage, telephone hacking and extortion.

• Cyber related losses are now the largest recorded offence in the UK, overtaking physical crime. Data is now more valuable than physical assets
• The average cost of a cyber-breach for a small business is estimated at £115,000 and £1.15 million for a large organisation with these average costs having doubled since 2013
• Some 81% of large businesses and 60% of small businesses in the UK suffered a cyber-security breach in 2014/15