Nearly two thirds of companies lack cyber insurance: Report
Posted On: Sep. 4, 2018 5:31 AM CSTA report by IT security firm NTT Security (UK) Ltd. found that about two-thirds of local companies are not insured against data breaches and losses, Information Age reported. The report found that U.K. businesses need to spend £1 million ($1.3 million) on average to recover from a data breach. Matthew McKenna, official at U.S.-based cyber security firm SecurityScorecard Inc., said that lack of clarity about the risks covered under cyber policies has hampered cyber insurance uptake.