Only one in five UK CEOs say their cyber insurance will cover the full cost
of a cyberattack

Date:
Thu, 03 Sep 2026 11:25:00 +0000

Description:
New data has revealed that only one in five CEOs expect full coverage from their cyber insurance policy.

FULL STORY ======================================================================Copy link Facebook X Whatsapp Reddit Pinterest Flipboard Threads Email Share this article 0 Join the conversation Follow us Add us as a preferred source on Google Newsletter Subscribe to our newsletter 22% expect their policy to
offer full coverage, 10% expect it to fall short Data breaches and reputational damage are major concerns Companies should look at finances before considering operational recovery readiness New research from Cohesity has revealed that many UK businesses could be significantly overestimating
the protection they get from cyber insurance policies, with just one in five (22%) British CEOs believing their policy would cover both the additional costs and lost revenue that an attack could lead to.

A third expect it would cover the additional costs only, another third
believe their policy is only sufficient for lost revenue, and a further one
in 10 did not expect it to cover either of the two categories. The report's conclusion is that cyber insurance in its current state for many UK
businesses is only enough to transfer some of the financial risk but not enough to restore systems, data or operations. Latest Videos From TechRadar Watch full video here: Cyber insurance policies don't provide enough cover According to the study of 100 CEOs from large enterprises, businesses expect
a cyberattack to reduce their revenue by an average of around 15%, but many businesses lack a detailed understanding of how much an attack could actually end up costing them. As many as one in five (21%) haven't even conducted business impact modelling.

Among CEOs' biggest fears are data breaches (49%), brand and reputational damage (38%), high recovery costs (36%), revenue loss (34%) and production downtime (30%). They're all either financial concerns or incidents that could lead to financial loss, and yet it's clear that policies are unlikely to
offer enough cover. You may like "$10.22 million and counting": US cyber breaches have become a boardroom issue CISOs pressured to stay silent about cyber attacks need evidence-led governance for protection Cost of ransomware recovery too high? Heres how to stop footing the bill

With many totally unaware of the potential impacts and the extent of their policy's cover, Cohesity urges businesses to start off with calculating financial exposure and understanding what their policy covers.

After that, they can go on to prove that critical systems can actually be recovered, because without an insurance payout, this would likely not be possible. Are you a pro? Subscribe to our newsletter Sign up to the TechRadar Pro newsletter to get all the top news, opinion, features and guidance your business needs to succeed! Contact me with news and offers from other Future brands Receive email from us on behalf of our trusted partners or sponsors By submitting your information you agree to the Terms & Conditions and Privacy Policy and are aged 16 or over.

"Organisations must be able to identify the systems and data needed to keep the business operating, assigning clear responsibility for recovery decisions and regularly testing whether critical services can be restored securely," UK&I VP Fraser Hutchison explained. Follow TechRadar on Google News and add
us as a preferred source to get our expert news, reviews, and opinion in your feeds.



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Link to news story: https://www.techradar.com/pro/security/only-one-in-five-uk-ceos-say-their-cybe r-insurance-will-cover-the-full-cost-of-a-cyberattack


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