1). TAKE COVER: Only 21% of UK SMEs Have Sufficient Cyber Insurance — A Dangerous Gap in Coverage A recent reader survey by SME Cyber Insights has revealed a troubling disparity between awareness and action. While most respondents acknowledged the risks posed by ransomware, phishing, and data theft, four out of five SMEs admitted they were not adequately insured against these threats. Cyber Insurance is not just about recovering losses—it’s about building resilience. In an era where a single data breach or ransomware attack can bring an SMEs to its knees, Cyber Insurance should be considered an essential pillar of any critical cyber defence strategy. According to analysts at Life Insurance International, UK brokers have seen a surge in demand for Cyber Insurance from forward-thinking businesses. However, SMEs still lag behind larger firms in terms of adoption, even though their risk exposure is just as high—and potentially more damaging …
