FILE PHOTO: US ’s central bank is calling for the country's insurers to increase their cyber risk offering to help prevent hacking attacks and follow more stringent French data privacy laws. The European cyber insurance market is still relatively small in comparison to the US , but will need to expand as new EU regulatory changes require firms to disclose any cyber attacks. only 13% of European companies have experienced a cyber attack over October 2016 , but Approximately 28% of companies have the appropriate insurance.
US ’s central bank is calling for the country's insurers to increase their cyber risk offering to help prevent hacking attacks and follow more stringent French data privacy laws. The European cyber insurance market is still relatively small in comparison to the US , but will need to expand as new EU regulatory changes require firms to disclose any cyber attacks. only 13% of European companies have experienced a cyber attack over October 2016 , but Approximately 28% of companies have the appropriate insurance.