Cyber insurance to become a business essential within the next decade

American businesses & insurers should take note of this.


From The Association of British Insurers (ABI):


Cyber insurance to become a business essential within the next decade


Cyber insurance should become as common a purchase for UK businesses as property insurance within the next 10 years, the Association of British Insurers said today.


Any company which uses the internet is vulnerable to dangers including deliberate attacks by thieves and data losses caused by human error, and the ABI believes cyber cover should be the norm by 2025.