Cyber insurance adoption rises 50%
Reprints
A survey by U.K.-based specialty lines underwriter CFC Underwriting Ltd. has found that cyber insurance adoption grew 50% in Great Britain in 2016, Infosecurity reported. Around 23% of the respondents said that the "fear factor" of a costly attack had driven them to invest in insurance, while 26% cited the European General Data Protection Regulation as the driving factor. More than 50% claimed that electronic computer crime will likely lead to an increase in insurance claims, followed by "non-physical business interruption" (25%).
