Cyber crime is the new PPI say insurers

screen-shot-2016-12-28-at-09-43-25A recent report from the BBC suggests that smaller businesses are under increasing threat from cyber attacks. It states that the hackers are aiming at ‘low hanging fruit’ and aiming at the more easy pickings of smaller businesses.

“Insurance claims for data breaches are being made at a rate of more than one a day, figures from CFC Underwriting suggest. The firm said that in 2016 it had handled more than 400 claims on cyber-breach policies it had issued. The main types of attack being claimed for were privacy breaches and the theft of cash, it said.”

Read the full report here

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