UK SME’s grow cyber protection but coverage still low
Friday, 03 24 2017, Category: Technology, Country: United Kingdom
The uptake of cyber insurance by UK small and medium-sized enterprises (SMEs) has grown significantly in recent years but coverage remains low compared to other commercial products, according to research and consulting firm GlobalData.
The purchase of cyber insurance by SMEs grew from 2.1 percent in 2014 to 13.7 percent in 2016. But demand should grow further, the research firm suggested, pointing to the fact that UK businesses are increasingly dependent on the digital space and crime is moving online.
Source: Intelligent Insurer