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News & Press: Industry News

Insurers will see take-up of cyber insurance rise following COVID-19, says GlobalData

Friday, June 26, 2020   (0 Comments)
Posted by: IASIU Staff
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The rise in remote working due to the pandemic will increase the risk of cyber- attacks, and leave small businesses vulnerable, according to GlbalData, a leading data and analytics company. This presents a chance for insurance to improve penetration rate.

Findings from GlobalData’s report, Thematic Research: Cyber Insurance, highlight that the uptake of cyber insurance among UK SMEs has increased considerably since 2015, reaching 18.8% of the total SME economy by 2019.

Read the full release at GlobalData.

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