According to the ISBS report commissioned by PwC, Cybercrime has done a full u-turn and has increased over the past two years costing UK businesses billions of pounds.

With 83% of small businesses having an IT security incident in the last year, this is costing on average £27,500 – £55,000 for the single worst incident. Three times as many small businesses reported they were infected by viruses over the past two years compared with the report from 2008.

Although the report shows that half of the businesses questioned