The rise in cyber attacks isn ’ t just a financial headache for businesses ; it ’ s also a major reputational risk . Customers , partners and investors are more security-conscious than ever , and a single crack in an organisation ’ s armour can shake their trust and loyalty .

Despite perceptions that cyber security risks are declining , the reality is quite the opposite .

In this issue , we take a deep dive into Hiscox ’ s Cyber Readiness Report for 2024 and highlight the value of cyber insurance in today ’ s uncertain digital world . We ’ ll also explore how CFOs should measure financial risks and deliver insights from American insurer Hagerty and Norwegian asset management firm Storebrand .

Don ’ t forget to check out our Top 10 too , where we run through the leading sustainability leaders in insurtech .

And , of course , there is plenty more content over on our website , simply head to insurtechdigital . com .

Enjoy the issue .

LOUIS THOMPSETT

Louis Thompsett

INSURTECH DIGITAL MAGAZINE IS PUBLISHED BY

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InsurTech Digital Magazine January 2025 | Page 7

Counting the Cost of Cyber- Attacks & the Value of Protection

“ The rise in cyber attacks isn ’ t just a financial headache for businesses ; it ’ s also a major reputational risk ”

The rise in cyber attacks isn ’ t just a financial headache for businesses ; it ’ s also a major reputational risk . Customers , partners and investors are more security-conscious than ever , and a single crack in an organisation ’ s armour can shake their trust and loyalty .

Louis Thompsett