A new survey suggests that more British businesses are protecting themselves against the risk of online attacks. According to the Poll, carried out by Ovum for Insurance Industry analyst Fico, only 10% of UK Companies now way they are unisured for Cyber – Crime. Ovum says the figure is a big improvement on last year, when the same survey found that 31% of British businesses were uninsured. Its also considerably better than the average for international rivals. Across the UK, US, Canada, Brazil, Mexico, Germany, India, Finland, Norway, Sweden and South Africa, an average of 24% of Companies said they were not Insured against cyber – attacks.
Although UK organizations perform well in terms of the uptake of Cyber Insurance, the fact that fewer than 40% have comprehensive Insurance demonstrates there is still some way to go for these firms to have a broad view of their security posture and how to present it for Insurance.