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Cyber attack database needed, says ABI

cybersecurity

Director general calls for reporting of cyber attacks to be “mandatory” in order to build up data.

Director general of the Association of British Insurers (ABI), Huw Evans, has called for a mandatory anonymised database of cyber attacks to help insurers develop accurate business models.

Speaking to the Financial Times, Evans said that a database would solve the issue of lack of data and help insurers provide the right cover.

He added: "If it is not mandatory to report these things, then insurers are not going to have the data they need to provide the right cover.

"It would have to be mandated

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