Yearly Cyber Report Reveals Large Increases in Cyberattacks and Costs

The third Hiscox Cyber Readiness Report, which was published in April 2019, highlights the increased cyber risks that businesses are facing. The report, which drew data from seven countries (Belgium, France, Germany, the Netherlands, Spain, the United Kingdom, and the United States), noted the marked rise in both the amount of attacks and the overall costs stemming from cyber losses. Turning first to the increase in cyberattacks, 61 percent of respondents reported a cyber incident, up from 45 percent last year across the seven…
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