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Hiscox puts the UK small-firm attack rate at 38% against a 29% global average

The tenth annual Cyber Readiness Report surveyed nearly 7,000 smaller businesses, 1,000 of them in the UK, and Britain came out with the highest successful-attack rate of any market in the study, at an average $35,908 per incident.

The Watch · Security desk

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Illustration accompanying Hiscox puts the UK small-firm attack rate at 38% against a 29% global average
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What happened

  • Hiscox's tenth Cyber Readiness Report puts the successful-attack rate among UK small firms at 38% over the past year, against a 29% average across nearly 7,000 smaller businesses worldwide.
  • The UK average cost per attack was $35,908, below the global figure, while UK cyber resilience spending averaged $59,700, third among the markets surveyed.
  • Among affected firms globally, 32% said the incident delayed growth and expansion plans, the most cited of the business consequences the survey listed.

Why it matters

  • What it limits constraint A UK budget case built on loss size is weak: expected cost per firm per year comes out $1,435 under the global figure, so the argument has to rest on how often firms are hit.
  • What it costs cost A firm that is hit at the survey's average of four times absorbs $208,000 and 128 hours in a single year, and with dedicated cover at 10% of UK businesses most of that lands on the firm.
  • What doesn't add up contradiction The report carries two UK insurance uptake figures that differ four-fold, so any claim about the size of the protection gap depends on which one the arguer picked.
  • Who has to decide decision With cyber performance tied to executive pay at a quarter of UK small firms, sign-off on security spend moves to whoever owns that scorecard.

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Confirmed2 publishers

Multiply the rates by the per-incident costs and the UK looks better than the headline number. A UK small firm faces a 38% chance in a year of an incident averaging $35,908, which works out at an expected $13,645 [1][11][20]. The global equivalent, 29% of $52,000, is $15,080 [2][4][21]. Hiscox's own framing is that the lower UK cost per attack is offset because the higher frequency makes UK firms more likely to meet those costs [12]. It holds for the chance of being hit; on expected annual cost per firm the UK sits $1,435 below the global figure [22].

Firms that reported an incident reported an average of four attacks over 12 months [5], and the $52,000 and 32 hours are stated per incident [4]. Multiply those and a year at a hit firm comes to $208,000 and 128 hours of disrupted operations [26]. The two averages are published separately, and the multiplication assumes a firm hit four times pays the average each time.

Spending has moved the other way. The global average investment in cyber resilience was $51,000; UK firms averaged $59,700, third among the markets surveyed [6][15]. UK resilience spend therefore runs $23,792 above the cost of a single UK incident [24]. Training absorbed the most activity, with 62% of firms updating it, ahead of 55% hiring specialist staff and 51% adopting new technology [7].

The insurance figures in the report do not agree with each other. Government data from the Department for Science, Innovation and Technology puts dedicated cyber cover at 10% of UK businesses and 5% of charities [16]. Separate research cited in the same report puts uptake among UK SMEs at just over 40%, medium-sized firms at around 63% and the FTSE 100 at roughly 70% [17]. One figure is four times the other, on populations that overlap [25].

These are answers from cybersecurity decision-makers at smaller firms, 1,000 of them in the UK, not claims data [3]. A self-reported attack rate only captures the intrusions someone spotted. The 30-point gap between this year's 29% and the 59% in the previous report measures a change in who was asked: 5,750 businesses across seven markets then, almost 7,000 smaller firms now [13][14][23].

Respondents ranked reputation and customer trust as their most significant cyber risk, at 48%, with operational downtime second at 46% and supply chain or third-party disruption at 44% [18]. Among the firms that actually had an incident, 28% faced financial penalties and 26% experienced damaging publicity [8].

What to watch

  • Whether Hiscox publishes the market-by-market table, so the UK's 38% can be checked against the second-place market.
  • Whether the next DSIT breaches survey moves the 10% dedicated cyber insurance figure for UK businesses.
  • Whether underwriters reprice UK small-business cover on frequency now that Britain sits highest of the surveyed markets.

Clarity's read

What the record supports and how the coverage leans. The claims behind it follow.

Reality

Evidence55
Adoption40
Hype gap+15
Incentives60
Confidence55
Why these scores

Claim ledger

Ranked by verification strength, evidence, and original report placement.

  1. [1]

    The UK cyberattack rate among small firms reached 38%, with nearly four in 10 UK small firms hit by a successful cyberattack in the past year, according to the latest Hiscox Cyber Readiness Report.

    Reported SupportedView cited source
  2. [2]

    The 38% UK figure is significantly above the 29% global average recorded among nearly 7,000 smaller businesses surveyed worldwide.

    Reported SupportedView cited source
  3. [3]

    The 10th annual Hiscox report surveyed cybersecurity decision-makers at smaller firms, including 1,000 respondents in the UK, and Britain recorded the highest attack rate among the markets included in the research.

    Reported SupportedView cited source
  4. [4]

    Globally, each incident cost organisations an average of $52,000 and resulted in around 32 hours of operational disruption.

    Reported SupportedView cited source
  5. [5]

    Globally, businesses that experienced an incident reported an average of four attacks during the past 12 months.

    Reported SupportedView cited source
  6. [6]

    The global average investment in cyber resilience reached $51,000.

    Reported SupportedView cited source
  7. [7]

    New technology was adopted by 51% of firms, 55% invested in specialist staff and 62% updated employee training.

    Reported SupportedView cited source
  8. [8]

    Among firms that experienced an incident, 28% faced financial penalties and 26% experienced damaging publicity.

    Reported SupportedView cited source
  9. [9]

    Globally, 32% of affected firms said cyber incidents delayed growth and expansion plans, ahead of higher staffing costs at 31%, direct financial damage at 30% and lost business opportunities at 29%.

    Reported SupportedView cited source
  10. [10]

    Globally, 32% of firms said executive pay is now linked to cybersecurity performance; among UK small firms the figure was 25%.

    Reported SupportedView cited source
  11. [11]

    In the UK the average cost per cyberattack was $35,908, equivalent to 26,650 pounds, below the global average.

    Reported SupportedView cited source
  12. [12]

    The report states that although the UK cost figure was below the global average, the higher frequency of attacks means UK firms are more likely to encounter those costs.

    Reported SupportedView cited source
  13. [13]

    The global attack rate fell from the 59% figure reported in Hiscox's previous annual report.

    Reported SupportedView cited source
  14. [14]

    The two global attack rates are not directly comparable because last year's research surveyed a broader group of 5,750 businesses across seven markets, while this year's report focuses on almost 7,000 smaller firms.

    Reported SupportedView cited source
  15. [15]

    UK businesses reported cyber resilience spending averaging $59,700, or 44,294 pounds, placing the UK third among the markets surveyed for resilience spending.

    Reported SupportedView cited source
  16. [16]

    Government data from the Department for Science, Innovation and Technology shows that 10% of UK businesses and 5% of charities hold a dedicated cyber insurance policy.

    Reported SupportedView cited source
  17. [17]

    Separate research cited in the report found that just over 40% of UK SMEs hold cyber insurance, compared with around 63% of medium-sized firms and approximately 70% of FTSE 100 companies.

    Reported SupportedView cited source
  18. [18]

    Reputation and customer trust ranked as the most significant cyber-related risk, cited by 48% of businesses surveyed, followed by operational downtime or business interruption at 46% and supply chain or third-party disruption at 44%.

    Reported SupportedView cited source
  19. [19]

    The UK successful-attack rate is 9 percentage points above the global average.

    Derived Supported
  20. [20]

    A UK small firm's expected cost of attack per year is about $13,645.

    Derived Supported
  21. [21]

    The global expected cost of attack per firm per year is $15,080.

    Derived Supported
  22. [22]

    On expected annual cost per firm, the UK figure is $1,435 below the global figure.

    Derived Supported
  23. [23]

    The gap between last year's 59% global attack rate and this year's 29% is 30 percentage points.

    Derived Supported
  24. [24]

    UK average resilience spending exceeds the average cost of one UK incident by $23,792.

    Derived Supported
  25. [25]

    The SME cyber insurance uptake figure cited in the report is about four times the DSIT figure for UK businesses overall.

    Derived Supported
  26. [26]

    A firm hit at the global average of four attacks, each at the average cost and disruption, would face $208,000 and 128 hours of disrupted operations in a year.

    Derived Contested

Sources

2 independent publishers whose own reporting we read for this story.

  1. infosecurity-magazine.com

    1 article · September 16, 2026

    Cyber-Attacks Cost Organizations $52,000 on Average
  2. thecyberexpress.com

    1 article · September 14, 2026

    UK Small Firms Bear Brunt of Rising Cyberattacks, Hiscox Finds

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