During the last year, significant cyberattacks in the UK rose by an alarming 129%, with the National Cyber Security Centre handling around four major incidents every week. According to insurance experts, Everywhen, these attacks are a major threat to the business sector.
Neil D’Mello, Everywhen’s Client Director (South Division), said: “Cyber-risk affects every level of society, from governments protecting essential services and businesses navigating fluctuating markets and supply chain delays, through to organisations fighting to keep their operations running. These high stakes were evident in recent large-scale cyberattacks, which had major consequences.”
After the 2025 cyberattack on M&S, the retailer’s market capitalisation fell by around £1 billion, and customer data was allegedly stolen. This resulted in collective legal action, as people began seeking compensation for their compromised data. Last year, Jaguar Land Rover also reported a £485 million pre‑tax loss for the quarter versus a £398 million profit, a year earlier, after being forced to shut down networks and halt highly automated production lines for weeks.
D’Mello added: “When something on this scale occurs, having the right advice and protection in place is key to preventing and mitigating losses.”
As the frequency and severity of cyberattacks rises, so does the UK government’s determination to tackle them. A dedicated Cyber Action Plan has been announced and the government has committed £210 million to strengthening public services against cyberthreats.
