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UK Businesses Pour Millions Into AI and Cyber Defences as New Risks Mount

WebProNews·Dave Ritchie·1 day ago
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UK companies have opened their wallets wide for artificial intelligence projects and cybersecurity upgrades. They do so even as many acknowledge the new tools could create fresh openings for attackers. Short. Direct. The numbers tell a story of ambition mixed with unease. According to a TechRadar report published today, around two-thirds of businesses plan to lift cybersecurity budgets over the next 12 months. Cloud, cyber and AI together make up 44 percent of planned technology spending. More than half of firms already report productivity gains from AI. Yet nearly half worry that adopting these technologies heightens their exposure to attacks. Barclays surveyed 1,000 decision-makers in April and May 2026 for its Q1 Business Prosperity Index. The bank found average cybersecurity spending this year has hit £505,000. For larger organisations that figure climbs to £1.3 million. Smaller firms spend far less. Still, 36 percent of large companies have already boosted cyber budgets in 2026.…

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