British SME’s Failing To Buy Cyber-Insurance, Study Shows | #cybersecurity | #cyberattack


Law360, London (June 10, 2021, 2:22 PM BST) — Almost nine in 10 small and midsized businesses in Britain do not have cyber-insurance policies, exposing them to the risk of attack amid the growth of online activity, insurer Aviva PLC has warned.

The big insurer said on Wednesday that a survey has shown that 86% of small British businesses do not have insurance for their IT systems. The research also revealed considerable discrepancies in uptake of the cover across the country — in Scotland, just 3% of smaller companies have cyber-insurance, but this is much higher in Northern Ireland, where the figure is 32%, according to Aviva.

The insurer noted…

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