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ABI comments on publication of UK Government Cyber risk report

A new report has been published today on the joint initiatives between government and the insurance sector to tackle cyber risk- 'UK cyber security: the role of insurance in managing and mitigating the risk'.

Responding to the report, Matt Cullen, Head of Strategy at the ABI said:

“Cyber security breaches are a growing risk that no UK business, whatever their size, can afford to ignore. With cyber insurance cover becoming a key risk management tool to help firms assess and protect against cyber crime, this report’s findings and recommendations  will help ensure that the UK leads the way in cyber security, and in the development of a strong cyber insurance market.

“Businesses looking to manage their cyber risk should look at the ABI’s information on cyber insurance, developed in conjunction with Lloyd's, as a first port of call." 

Last updated 01/07/2016