Some useful info here from QBE;
More than 9 in 10 UK businesses (95%) are now using Artificial Intelligence (AI) or looking into it, despite 80% believing cyber threats are rising and over half (53%) of all UK businesses experiencing a cyber attack in the last year, according to new research from business insurer QBE.
QBE’s latest Control Risks Report forecasts by the end of 2025, the number of significant UK cyber incidents will increase by 50%.
As UK businesses adopt AI to leverage new efficiencies and reduce costs, QBE is warning businesses of the evolving cyber risks and how they should manage them.
Research from QBE reveals an optimistic technology outlook, with 87% of respondents saying AI will have a positive impact on their business and 86% believing it will lift the wider UK economy within two years. Already, 71% of UK businesses are using AI, with an additional 24% looking into it.
The same study highlights a parallel rise in cyber risk; 85% of businesses feel cyber attacks have increased in the UK during the past 12 months and more than half (53%) have experienced at least one incident themselves in the same period.
One in six businesses (16%) experienced a…
