Privacy is good business

In 2025, in the UK an average data breach costs average £3.29 million, the average cost for a data breach in the Financial sector cost £5.74 million. Cyber-criminals are increasingly targeting UK organisations, and throughout 2025 a number of big name brands were breached and made the headlines. With many more going unreported. Approximately, 43% of UK businesses reported experiencing a cyber-security breach or attack, totalling over 600,000 organisations.

Throughout the 2025 the average Corporate IT cyber security budget increased over 30%, with investments including cloud security, Zero trust architectures and AI threat detection tools. Research by the UK government, suggests that at a national level the annual cost to the economy could be £14.7 Billion which translates to 0.5% of the UK's gross domestic product (GDP). It is forecast that for 2026, these costs are going to continue to escalate.

It seems corporations have just resigned themselves to inevitability of just accepting these costs and risks as just fundamentally as the cost of doing business. Very few, if any at all, or taking the more pragmatic approach of questioning if there is actually any real need for collecting, storing, managing or if this data is actually really worth it.

What is Privacy