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Cyber insurance uptake with SMEs remains low – GlobalData

By 2022-10-10T15:32:00

low uptake

’Insurers need to show they can help businesses stop attacks by offering preventative coverage, security systems and staff training’ says GlobalData insurance analyst

Cyber insurance penetration remains low for SMEs in the UK – only 56.2% of medium businesses, 40% of small businesses, and 16.8% of micro businesses had a cyber insurance policy in 2022, according to GlobalData’s latest findings.

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