Firms don’t insure data assets
Friday, 10 20 2017, Category: Technology, Country: World
Organisations increasingly recognise the growing value of technology and data assets relative to historical tangible assets, yet they are spending four times more budget on insurance for property, plant and equipment (PP&E) risks, a new report by Aon has revealed.
The 2017 EMEA Cyber Risk Transfer Comparison Report, released by Aon in collaboration with the Ponemon Institute, a research firm on privacy, data protection and information security, found that while 38 percent of businesses surveyed confirmed they have experienced a cyber loss in the past 24 months, only 15 percent of their probable maximum loss (PML) is covered by insurance.
Source: Intelligent Insurer