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A survey by KPMG L.L.P. has found that senior security heads of businesses do not trust cyber insurance products, reported SC Magazine UK.
These heads are doubtful of receiving a payout in the event of a cyber attack, KPMG said. About 74% of firms belonging to KPMG's International Information Integrity Institute do not have cyber insurance, the survey found. About 30% of information security professionals surveyed believe that the cyber insurance industry has yet to mature, said Mark Waghorne, head of I-4.