Hiscox report shows cyber attacks are on the up

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Attacks increase on businesses with SMEs a target but more firms are now willing to consider cyber cover.

A sharp increase in the number and cost of cyber attacks is the key finding in a study of more than 5,400 organisations across seven countries, commissioned by insurer, Hiscox.

More than three out of five firms (61%) report one or more attacks in the past year, yet the proportion achieving top scores for their cyber security readiness is marginally down year-on-year.

The Hiscox Cyber Readiness Report 2019, surveyed a representative sample of private and public sector organisations in the US

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