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  • March 2018
03

Third of UK companies would pay ransom to hackers

Open-access content Wednesday 4th April 2018 — updated 5.50pm, Wednesday 29th April 2020

Approximately one-third of UK business leaders would pay a ransom if they suffered a cyber attack, with one in ten willing to fork out £1m or more to get their systems and data back.

2

That is according to the findings of a new survey by Lloyds bank, which reveal that just one-quarter of firms have dedicated cyber insurance. Read the full article on our Predictions site here

This article appeared in our March 2018 issue of The Actuary .
Click here to view this issue

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Regulation driving tech investments

Financial institutions across the world are increasingly turning to technology to manage a growing number of digital threats and regulatory requirements.
Tuesday 3rd April 2018
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Cyber security spending to rise by a third over four years

Businesses around the world will increase their cyber security investment by a third over the next four years, reaching a collective annual spend of $134bn (£95bn) by 2022.
Tuesday 27th March 2018
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AI risks may outweigh benefits

The threats associated with artificial intelligence (AI) applications could easily counterbalance the potential benefits if the technology falls into the wrong hands.
Friday 23rd March 2018
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European InsurTech investment soars

Investment in the insurance technology industry increased by 385% to $679m (£480m) across Europe last year, with the continent emerging as the world’s top InsurTech hub outside North America.
Thursday 22nd March 2018
Open-access content
2

Majority of adults willing to embrace AI for better retirement incomes

Three-quarters of citizens across the UK, US, Australia, France, Germany and Singapore are willing to use artificial intelligence (AI) to improve retirement incomes.
Tuesday 20th March 2018
Open-access content
2

Majority of investors open to cryptocurrency exposure

Six out of 10 investors with no current exposure to digital currencies like Bitcoin and Ethereum would consider including them in their investment portfolios.
Tuesday 13th March 2018
Open-access content
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