Cybersecurity risks in the US vs the UK based on a 2022 Cybersecurity report: As far as business takeover attempts are concerned, the US experience more attempts, but the UK saw more successful criminal takeovers. 45% of US respondents saw outside parties attempt to manipulate employees through phishing attempts, but only 27% of those attempts were successful. In the UK, only 39% of companies reported a manipulation attempt, but 64%, almost double from the previous year, saw a successful attack. Based off middle market executives, there is a slightly higher ransomware threat reported in the US at 23% while the UK is at 19%. However, this saw a 33% decrease for the US when compared to 2021’s data, and experts expect an increase in ransomware attacks for the UK. Where data security is concerned, the usage of the cloud has become extremely popular in the UK, as almost 50% of middle market companies have moved data and information into the cloud, an increase of 27% from the previous year. The UK continues to adopt cloud strategies to help combat security risks. In the US, around 36 percent of middle market companies utilize the cloud, which is a slight drop from previous years. Where cyber insurance is concerned, the UK leads the US at 62% vs 61%. This percentage has stayed fairly consistent in previous years in the US, while the UK jumped 22% from only 40% in 2021. In conclusion, the US and UK are fairly similar statistically, with the US being better with employee security, and the UK utilizing the cloud more as a means of data security. Understanding this data is extremely important, as many companies in the US share business interests with the UK, so understanding similarities and differences is important to ensure both countries can address cyber risks in the future.

Works Cited: “Comparing US and UK Cyber Security Risk Perspectives.” RSM UK, www.rsmuk.com/real-economy/cybersecurity/_content/comparing-us-and-uk-cyber-security-risk-perspectives#:~:text=In%20the%20United%20States%2C%2022. Accessed 19 Feb. 2023.