One in five companies are victims of cyber attacks

One in five businesses have fallen victim to cyber attacks in the past year, according to the results the British Chambers of Commerce Digital Economy Survey of more than 1,400 businesses across the UK.

The survey found that 84% of firms say digital and IT skills are more important to their business than two years ago, with half (51%) saying these skills are significantly more important. Big businesses are far more likely than their smaller counterparts to be victims of attacks (42% of companies with more than 100 staff, compared to 18% of companies with fewer than 99 employees).

The results indicate that businesses are most reliant on IT providers (63%) to resolve issues after an attack, compared with  banks and financial institutions (12%) or police and law enforcement (2%).

The findings show that 21% of businesses believe the threat of cyber crime is preventing their company from growing.