Demand for cyber security

Demand for cyber security

Tech March 22, 2017 09:09

rotterdam - Dutch companies close more cyber insurance. Between 2014 and 2016, Lloyd's noted an increase of 900 percent in the cyber contributions she received from Dutch companies. According to the insurer Netherlands is the largest buyer of cyber security in central Europe and let countries like Germany, France and Italy behind us.

Dutch companies want to be well prepared for cyber incidents. A survey by Lloyd's on cyber risks reveals that 94 percent of all Dutch companies have had to make over the last five years with cyber incidents and makes 68 percent are concerned about the risks.

'' The Netherlands has already introduced national duty to report data breaches for the European implementation of the General Data Protection Regulation in 2018. It seems that companies have become more aware of this vulnerability of their data and the risks and consequences of cyber threats, '' Ralph van Helden, says product manager at Lloyd's.

'' In this digital age, you can never completely eliminate cyber incidents. The key is how you deal with this and what measures you take to protect your business and your customers. A cyber insurance not only ensures that the financial risks are limited. The companies can also guide you in this new environment, or help to meet legal obligations to deal with repair possible operational and reputational damage and faster. '

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