How much cyber coverage these startups have in place varies from company-to-company, and 52% of surveyed founders reported having cyber coverage that is either customized to their needs or "the most comprehensive" cyber insurance they were able to obtain. (Credit: William Potter/Shutterstock.com)
More than two-thirds of startup founders say they have had a business fall victim to a cyberattack, according to the "Cyber Risk Index: Startup Edition" report recently released by Embroker. With virtual menaces so prevalent, it's no wonder these business owners are taking the threat seriously, and 86% of founders said they already have some form of cyber insurance protection. Fourteen percent of startups are operating without existing cyber coverage, and nearly half of those (44%) cite cost as the main reason they've abstained from purchasing a policy.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Brittney Meredith-Miller
Brittney Meredith-Miller is assistant editor of PropertyCasualty360.com. She can be reached at [email protected].
