Manufacturers hit by £2.12bn security testing bill following research

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Manufacturers hit by £2.12bn security testing bill following research

The shockingly high cost of protecting against cyber attacks has been revealed today, with the manufacturing industry forking out around £2.12bn annually to combat the growing threat of data breaches and system outages.

Research from AVORD – a revolutionary new security testing platform that launches today – reveals that 89% manufacturers have seen an increase in the number of data breaches over the last five years.

Opportunistic multi-national consultancies are being blamed for inflating the price of security testing in the UK, with many manufacturers being charged inflated prices to conduct tests on their critical assets. And with increasing fines for manufacturers found to be in breach of industry regulations, the cost of hacking can be huge.