Context
The ABI has published a webpage relating to a recent survey which was undertaken in 2024. The survey results found that 50% of UK businesses suffered some form of cyber security breach or attack. The ABI report includes analysis of the SME market, research and interviews with insurers, brokers and businesses with and without cyber insurance. The report provides several common themes and also provides opportunities for firms to enhance cyber awareness.
Key points to note and next actions
The report explores how cyber insurance can help to prevent and alleviate the impact of cyber attacks and cyber breaches – ultimately boosting firms’ cyber resilience.