A new report reveals that more than 40% of businesses have reported an increased requirement from insurers for cybersecurity tools.
The 2023 Data Health Check, released by Databarracks, surveyed 500 UK IT decision makers across several industries. According to the report, seven out of 10 companies reported changes to their cyber insurance in the last 12 months. More than 40% of organizations reported an increased requirement from their insurers over the last 12 months for cybersecurity tools. Just under a third said they had experienced an increase in the cost of cyber insurance.