The 2017 EMEA Cyber Risk Transfer Comparison Report, released by Aon in collaboration with the Ponemon Institute, compares the relative insurance protection of certain tangible versus intangible assets. We found that organizations recognize the growing value of technology and data assets relative to historical tangible assets, but they spend four times more budget on insurance for Property, Plant & Equipment risks.
Key findings in the report include:
- Only 15 percent of potential information asset losses are covered by insurance; almost 60% of total physical asset values are protected
- 38 percent of EMEA organisations have suffered a cyber loss in the last 24 months, averaging $3.3m per loss
- Only 30 percent of businesses in EMEA are “fully aware” of the legal and economic consequences of the EU General Data Protection Regulation (GDPR)
- 65 percent of EMEA organisations expect their cyber risk exposure to increase over the next two years