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Businesses failing to prioritise cyber insurance

Open-access content Thursday 4th May 2017 — updated 5.50pm, Wednesday 29th April 2020

Organisations are spending four times more of their insurance budget on protecting plant, property and equipment assets, than they are on cyber security. Read the article here

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A report from the Ponemon Institute reveals that 65% of businesses expect cyber risk exposure to increase in the next two years, and that the probable maximum loss to cyber assets is 27% higher than it is to property. Read the full article on our Predictions site here

This article appeared in our May 2017 issue of The Actuary .
Click here to view this issue

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