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Cyber insurance – the “emergency service” for victims of cyber incidents

July 24, 2023

Despite the rapid evolution of the cyber insurance market, it’s still facing a demand-side problem, according to James Burns (pictured), head of cyber strategy at CFC. The relatively low level of cyber awareness among UK SMEs – which account for 99% of businesses in the UK – offers a flavour of the cyber protection gap that exists today, he said, and underlines the role insurance businesses have to play in bridging that gap.

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