Our Risk and Confidence research appears to suggest that cyber fatigue is occurring. In May ’18 a quarter of UK business leaders questioned cited cyber as their biggest risk concern. This dropped to 18% in May ’19 and only 10% predicted it will be a significant risk concern by May this year.
In this article published in Insurance Day, David Legassick and Matt Sumpter discuss the how, as an industry, we can get the clients to see the value of cyber insurance – namely that the majority of UK businesses are just not buying it. In fact, just 11% of UK companies purchase cyber insurance, despite government figures revealing that 43%[1] of businesses in the UK experienced a cyber-attack in the past 12 months.
Read the article in full here.