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Financial impact of cyber attacks in Europe revealed – Howden

By 2025-09-24T10:00:00

SMEs without cyber insurance

’Cyber insurance is not just a protective measure, but a strategic enabler of resilience that accelerates recovery, strengthens risk management and reduces financial losses,’ says international head of cyber

New research from global broker Howden has revealed that cyber attacks cost the four largest economies in Europe £267bn (€307bn) between 2020 and 2025. 

Of companies surveyed across Germany, Italy, France and Spain, 49% reported that they had been subjected to a cyber attack in the last five years. 

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