Bytes Technology has recently raised alarms about the increasing risk of cyber threats, coinciding with a substantial profit surge. The company, headquartered in Leatherhead, reported a 21 per cent jump in pre-tax profits, signalling a strong demand for cybersecurity solutions amidst escalating cyber threats worldwide.
Key Points
- Bytes Technology has heightened its risk level concerning cyber threats due to evolving global risks.
- The firm has implemented additional measures including staff training and delegating cybersecurity responsibilities to CTOs.
- The demand for cybersecurity software has surged, now making up about a quarter of the company’s sales.
- Bytes posted a 21% increase in pre-tax profits, reaching £74.6m, and a 5% rise in revenues to £217m.
- CEO Sam Mudd mentions the growing dialogue on cybersecurity among CEOs and business leaders.
Why should I read this?
If you’re in the tech or business world, this article offers some crucial insights into how rising cyber threats are impacting companies and their bottom lines. Bytes Technology’s proactive stance highlights the need for all businesses to prioritise cybersecurity and adapt quickly to the evolving landscape. Don’t let your business be the next target – it’s worth knowing what’s going on in this space!