Is Cyber Insurance Worth It For Small Businesses?


In an increasingly digital economy, the value of data is undeniable. But are cyber insurance premiums, which promise to pay out in the event of data loss, a viable solution to the problem?

According to the blog ITPro, 2018 is going to be the year of data insurance. Pointing to the growing number of data breaches that occur each year around the world, it concludes that the demand for cyber insurance will significantly increase in 2018. At the moment, it claims “only 19% of UK companies are covered for losses associated with cyber security breaches and data theft”.

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