Nearly four in 10 UK small firms were hit by a successful cyberattack in the past year, according to the latest Hiscox Cyber Readiness Report. The UK cyberattack rate reached 38%, significantly above the 29% global average recorded among nearly 7,000 smaller businesses surveyed worldwide.

The 10th annual report surveyed cybersecurity decision-makers at smaller firms, including 1,000 respondents in the UK. Britain recorded the highest attack rate among the markets included in the research. Globally, businesses that experienced an incident reported an average of four attacks during the past 12 months.

UK cyberattack Rate Outpaces Global Average

The findings place UK small businesses at...