With the risk of high-profile cyberattacks continuing, GlobalData figures show that small and medium-sized enterprises (SMEs) in the UK are aware of the higher risks they face than those before the pandemic however, many still remain uninsured. The last month has seen both Revolut and Holiday Inn fall victim to cyberattacks, and it is clear that UK businesses are concerned about this.
GlobalData’s 2021–22 UK SME Insurance Surveys found that many SMEs in the UK believe the level of cyber risk they face has increased since the pandemic. Close to a third of respondents across both surveys felt that cyber risks had either increased or significantly increased. There was a slight rise in SMEs indicating they faced more risk in 2022, with ‘increased’ and ‘significantly increased’ accounting for a combined 32.7% of respondents in 2022, compared to 30.7% in 2021.
With the risk of high-profile cyberattacks continuing, GlobalData figures show that small and medium-sized enterprises (SMEs) in the UK are aware of the higher risks they face than those before the pandemic however, many still remain uninsured. The last month has seen both Revolut and Holiday Inn fall victim to cyberattacks, and it is clear that UK businesses are concerned about this.
GlobalData’s 2021–22 UK SME Insurance Surveys found that many SMEs in the UK believe the level of cyber risk they face has increased since the pandemic. Close to a third of respondents across both surveys felt that cyber risks had either increased or significantly increased. There was a slight rise in SMEs indicating they faced more risk in 2022, with ‘increased’ and ‘significantly increased’ accounting for a combined 32.7% of respondents in 2022, compared to 30.7% in 2021.
