“’Even if UK SMBs do become more concerned about their business being targeted by cybercriminals, they are unlikely to be willing to pay even higher premiums to protect themselves,’ said Ben Carey-Evans, senior insurance analyst at GlobalData. Even if SMBs are becoming more concerned about cyber attacks, they’re unlikely to be willing to pay even higher premiums to protect themselves.”
Source: 29% of UK SMBs cancelled cyber insurance policies in 2021 | IT PRO