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Howden urges insurers to tackle cyber cover penetration gap as 52% report attack in last five years

By 2024-11-25T11:00:00

Cyber attack 450

SMEs must be a particular focus, says head of UK cyber retail, because ‘this segment has been historically underserved by the cyber insurance market’

Insurers and brokers have to drive greater cyber insurance penetration among UK companies as cyber attacks continue to rise, according to broking group Howden.

This call comes after Howden published new research today (25 November 2024) on UK businesses’ cyber resilience, based on a survey of 905 information technology and risk managers – this found that 52% of its respondents suffered at least one cyber attack in the past five years, equating to £44bn of lost revenue.

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