Solving cyber security risks—is it possible?

• How to make sure you’re prepared for attack.
• War in Ukraine, and its impact on the cyber attack arena.
• Make sure your preparation takes account of local rules.

In recent years, there has been a steady rise in businesses taking out cyber insurance cover. The number of claims has also risen, exacerbated by people working and shopping from home since the start of the pandemic. In the past few months, however, there has been a noticeable drop-off in claims. This article looks at some common scams giving rise to claims; measures to take to protect against attack; and the reasons for the reduction in claims.

The problem

The issues surrounding cyber security are rising up boardroom agendas, with eight out of ten businesses responding to the Department of Digital, Culture, Media & Sports annual Cyber Security Breaches survey stating that cyber security has become a high priority for senior management. Rightly so, with the same survey highlighting