October 16, 2017
Published in Business Insurance
European, Middle Eastern and African firms are uninsured for cyber losses, according to a survey issued Monday by Aon Risk Solutions.
The survey of more than 500 individuals, which was conducted by Traverse City, Michigan-based Ponemon Institute L.L.C., found only 15% of the probable maximum loss potential for information assets is covered by insurance. Survey respondents included finance, treasury, accounting and risk management officials, among others.
By comparison, 60% of total property, plant and equipment asset values are protected by insurance, according to the survey report.
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