Reporting by Maya Nikolaeva and Myriam Rivet; Editing by Leigh Thomas France ’s central bank is pushing for the country 's insurers to increase their cyber risk offering to help prevent hacking attacks and follow more stringent European data privacy laws . The European cyber insurance market is still relatively small in comparison to the US , but will need to expand as new European regulatory changes require firms to disclose any cyber attacks . Approximately 28 % of European companies have experienced a cyber attack over the past year , but only 10 % of companies have the appropriate insurance .
France ’s central bank is pushing for the country 's insurers to increase their cyber risk offering to help prevent hacking attacks and follow more stringent European data privacy laws . The European cyber insurance market is still relatively small in comparison to the US , but will need to expand as new European regulatory changes require firms to disclose any cyber attacks . Approximately 28 % of European companies have experienced a cyber attack over the past year , but only 10 % of companies have the appropriate insurance .