News

Biba calls for government intervention as SMEs face ‘very real’ cyber risks

By 2023-02-16T11:51:00

Cyber risk

The broker trade body and cyber underwriter CFC have teamed up to improve the cyber landscape amid reports of low penetration of cover

A “big issue” among small and medium-sized enterprises (SMEs) is the uptake of cyber insurance, so - in addition to calling on the UK government to improve cyber security measures - the insurance industry must also “increase the awareness, penetration and understanding” of cyber cover for clients, according to Graeme Trudgill, executive director of broker trade body Biba.

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