Insurance in cybersecurity risk management

Only Two Percent Of UK Big Businesses Have Insurance Against Cyber-Attacks

Government report says the UK should aim to be a global centre for cyber security insurance. British companies are putting themselves at significant risk due to a lack of proper insurance protection against the effects of cyber-attacks, a government report has found. The report, published in conjunction with insurance brokers Marsh, found that only two percent of large British firms have protection against cyber-attacks, with almost no small businesses set up in case of emergency.