UK government and insurers urge businesses not to ignore cyber risks, as major retailers try to recover from a string of costly cyber attacks this year.
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
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