Bethan Moorcraft at InsuranceBusiness Mag UK wrote an excellent article about the current state of cyber insurance in Europe. Here is an extract with the link to the full article at the bottom:
“In 2018, we saw a huge proliferation of very successful phishingcampaigns,” said Ryan Rubin, partner, UK Forensic & Integrity Services team, Ernst & Young. “Unfortunately, cyber criminals are being very effective and are getting through organisations’ defences, despite there being an increasing awareness of cyber risk and a general improvement in security controls. What we’ve seen is that businesses often focus on trying to prevent the sophisticated cyberattacks from happening, and they’re less concerned about basic low-level attacks like phishing and business email compromise.