Cyber insurance policies are rapidly producing more claims in the EU

Cyber insurance policies - cyber attacks

The number of filings insurers are receiving across Europe has seen a sharp increase. European insurers are receiving a much higher number of claims on cyber insurance policies, reflecting an increase in malicious digital attacks. Organizations are increasingly digitized and are facing growing vulnerability to attacks. This new cyber insurance policies data was a part of the findings from Marsh, Wavestone, and CMS law firm research. It involved an analysis on claims data managed by Marsh across the EU. The data showed that the claims growth rate over the last…

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Cyber insurance claims are made by 4 out of 10 companies

cyber insurance companies security mobile

A new survey has revealed that a very large percentage of businesses have filed against their policies. When it comes to business coverage, cyber insurance has been increasing quite rapidly in popularity as a results of the many high profile data breaches that have occurred over the last few years. Unfortunately, while coverage is more common, it’s also being used quite a bit by the companies that have it. While the idea behind buying a policy is usually to get it just in case, while hoping that it will never…

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