UK businesses applied for a record £197m ($258m) in cyber insurance claims in 2024, highlighting the seriousness of the threat posed to the industry by cyber attacks.
The amount showed a 230% year-on-year increase, with an extra £138m ($181m) claimed compared to 2023, according to figures published this week by the Association of
Free Trial
Register for free to keep reading.
To continue reading this article and unlock full access to GRIP, register now. You’ll enjoy free access to all content until our subscription service launches in early 2026.
- Unlimited access to industry insights
- Stay on top of key rules and regulatory changes with our Rules Navigator
- Ad-free experience with no distractions
- Regular podcasts from trusted external experts
- Fresh compliance and regulatory content every day
