Filed Under:Agent Broker, E&S/Specialty Business

Cyber Insurance Take-Up Rate Among Fortune 500 Very Low

More than half of Fortune 500 firms disclosing cyber risk vulnerability believe their firms would be seriously harmed by a cyber-attack, but many are still unprepared for one, shows a Willis North America study.

The top three cyber risks identified by the study group are theft of confidential information (65 percent), loss of reputation (50 percent), and direct loss from malicious acts by hackers and viruses (48 percent).

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