Nearly two-thirds (62%) of British firms do not have full cybersecurity insurance, according to Fico research. The survey also found that the majority of companies are still unaware about how much they need cyber insurance. Most respondents also said their cover is not based on an accurate assessment of their company's individual risk. Overall, the number of UK companies with cybersecurity cover increased in the past year, it noted.
Nearly two-thirds (62%) of British firms do not have full cybersecurity insurance, according to Fico research. Only 38% of companies have insurance that covers all cybersecurity risks, while 17% have no coverage at all. Most respondents also said their cover is not based on an accurate assessment of their company's individual risk. Overall, the number of UK companies with cybersecurity cover increased in the past year, it noted.