Cyber Insurance

Defusing the threat of cyber crime

Cyber crime is on the rise. A report from PwC has revealed that 90% of large companies and 74% of small firms suffered cyber breaches during 2015 (up from 81% and 60% respectively in 2014). The cost of such breaches is also on the increase. In 2015, large firms could expect to pay anything from £1.46m to £3.14m as the result of a breach (up from £600k to £1.15m in 2014), while the average cyber breach cost small companies from £75k to £311k (up from £65k to £115k in 2014). Worryingly, and des