Despite soaring cyber losses over the past year, there has been no marked improvement in corporate defences against this risk, according to a report commissioned by Hiscox. Its study points to a sharp increase in the number and cost of cyber attacks. Some 61% of firms report having endured at least one attack in the past year, up from 45% in the previous year. The frequency of attacks also increased, with Belgian firms appearing to bear the brunt.

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