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Low take up of cyber insurance by UK SMEs as cost concerns start to bite

Hacker attacking internet
Photo: Getty Images

New survey finds cost a key driver as many UK SMEs remain uninsured despite awareness of cyberattack risk.

While UK small businesses are increasingly aware of the risk of cyber attack, and say they view insurer’s records on sustainability as important, it is cost that overwhelmingly influences the choices SMEs are making. The findings, from GlobalData’s 2022 UK SME Insurance Survey, indicate the effects of soaring inflation and