The Association of British Insurers (ABI) has noted that the latest UK Government crime figures, released on Monday, “show a rise in recorded crime due to cyber offences being recorded for the first time.
Matt Cullen, the ABI’s Head of Strategy, commented: “Cyber crime is increasingly putting businesses at risk and causing financial hardship for families. For some businesses, hackers are now the biggest crime threat they face.
“Cyber insurance is growing because it is a complete package – helping firms thwart the criminals and providing the finance and technical support to recover from any hack or data loss.”
The ABI is hosting a Cyber insurance webinar on October 21, 2015.
Source: Association of British Insurers (ABI)
Was this article valuable?
Here are more articles you may enjoy.
QBE to Non-Renew $500M of North American Mid-Market Biz 
US P/C Insurers Post Best Q1 Underwriting Result In 17 Years 
US Judge Skeptical of Biden Overtime Pay Rule 
Big ‘I’ Report: Independent Agency Channel Placed 62% of Premiums in 2023 
