DLA Piper, the global law firm located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa and Asia Pacific, has recently recently released the February 2019 Data Breach Survey for Europe.

This survey is the first since the new data breach laws came into effect in May 2018.

Looking at the table you can cleary see where the damage occured -these are the notified breaches - there is no data on the 'unreported' data breaches!

When the results are weighted to take into account country population, the Netherlands leads as the country with the most breaches notified per capita, followed by Ireland and Denmark. The United Kingdom, Germany and France rank tenth, eleventh and twenty-first respectively while Greece, Italy and Romania have reported the fewest breaches per capita.

Additionally looking at the data breaches by Number of Businesses. According to the European Commission Enterprise and Industry, there are around than 23.5 million businesses in Europe - this is 2.5 data breaches per 1,000 businesses.

The data breaches range from minor breaches, such as errant emails sent to the wrong recipient, to major cyber hacks affecting millions of individuals and making front page headlines. Again - these are only the reported data breaches.

Do you now think you have a responsibility to your clients to do something to improve your security? This topic is only getting hotter. Data breaches will become more of a focus through 2019!

Further Reading

Hacking micro and small businesses - why bother ?

Cyber Security for Christmas

Cyber crime

Date Breach

Cyber Attacks, SME's say they are immune

At Microinsurance we are focused on changing the way business insurance is developed and processed. We are insurance with an API. We are in the forefront of that change; developing policies by the season, job, by the hour, by the day and by the Km, thus fitting our model to that of the platforms and the way small and micro businesses see risk. We are unbundling business policies so that the cover offered fits with peoples and business needs or the actual job or process being undertaken. Making Business Insurance transactional.

tags #cyberinsurance #cyberattack #microinsurance #captive #homeinsurance

Posted in Cyber Insurance blog on Feb 07, 2019