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TechRadar

Craig Hale

Only one in five UK CEOs say their cyber insurance will cover the full cost of a cyberattack

Insurance United Kingdom Cohesity

Caution sign data unlocking hackers. Malicious software, virus and cybercrime, System warning hacked alert, cyberattack on online network, data breach, risk of website.

22% expect their policy to offer full coverage, 10% expect it to fall short
Data breaches and reputational damage are major concerns
Companies should look at finances before considering operational recovery readiness

New research from Cohesity has revealed that many UK businesses could be significantly overestimating the protection they get from cyber insurance policies, with just one in five (22%) British CEOs believing their policy would cover both the additional costs and lost revenue that an attack could lead to.

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