Small and medium enterprises more likely to adopt cyber insurance

Smaller and medium sized companies are more likely to spend on cyber insurance than their larger competitors according to a new report. The study from US cyber insurance specialist Cowbell Cyber finds 65 percent of SMEs are planning to spend more on cyber insurance as part of their resilience plan in the next two years, compared to 58 percent of large companies. The report also finds that 70 percent of SMEs have a cyber coverage limit lower than $1M and lower than total past or estimated future losses and expenses related to a cyberattack. Coverage limits vary across industries, with… [Continue Reading]