Demand for cyber insurance rises throughout Europe

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As digital attacks and data breaches spread like wildfire, European companies are aiming to protect themselves. New legislation in the European Union with regards to data privacy is giving a considerable shot in the arm to the cyber insurance industry, say specialists in that market, particularly following some very high profile attacks on companies such as Experian and TalkTalk earlier in 2015. Last week, the E.U. agreed that its data protection laws needed to be changed from their previously fragmented state. The new laws will require companies to report data…

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ENISA calls for improvements to European cyber insurance marketplace

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The organization feels that this coverage is required for better EU IT security. The European Network and Information Security Agency (ENISA) has released a report that claims that the European Union is in dire need of significant improvements to its cyber insurance marketplace in order to encourage companies to better protect their data and information systems. The report showed that the current EU marketplace is lagging behind the United States. It pointed out that there are only a small few insurers that are even offering cyber insurance, and that they…

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