An increase in remote staff paired with a recent uptick in high-profile cyberattacks has spured an uptick in cyber-insurance adoption in the U.K., according to GlobalData. (Yurii Kibalnik/Adobe Stock)
Several recent high-profile cyberattacks in the U.K. have heightened awareness around cybersecurity and the benefits of cyber insurance, says GlobalData, an international business consultancy.
Corporations are especially concerned about state-sponsored cyberattacks, and for good reason. Microsoft has reported that the percentage of cyberattacks perpetuated by nation states jumped as much as 40% between July 2021 and June 2022, due largely to the Russian-Ukraine war. This comes on the heels of a previous Microsoft report that indicated more than 13,000 nation-state cyberattacks occurred between 2019 and 2020.
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Elana Ashanti Jefferson
Elana Ashanti Jefferson serves as ALM's PropertyCasualty360 Group Chief Editor. She is a veteran journalist and communications professional. Reach her by sending an e-mail to [email protected].
