Kathmandu. Small and medium enterprises (SMEs) around the world are suffering huge losses due to the lack of cyber insurance. <\/p>\n
This was revealed by GlobalData’s 2025 SME Survey. “More than 1 in 3 small and medium enterprises (SMEs) worldwide have experienced a cyberattack in the past three years,” the report said. As a result, many businesses have suffered financial losses. \u2019<\/p>\n
The survey found that 34.7% of SMEs worldwide experienced a cyberattack during this period. Despite the growing threats, only 16.8% of SMEs around the world have standalone cyber insurance, according to the survey. <\/p>\n
According to GlobalData, some businesses may get limited cyber cover through other insurance policies. “However, the low utilisation of dedicated cover indicates that many SMEs are under-insured,” the report said. <\/p>\n
According to Beatriz Benito, Chief Insurance Analyst at GlobalData, many small businesses may not fully understand the value of cyber insurance and are choosing to go without insurance. “SMEs are generally more vulnerable to cyber attacks. That’s because they often lack the technical defenses of big companies. As a result, they are more attractive targets for hackers. \u2019<\/p>\n
Benito warned that large companies could face the financial impact of cyberattacks. “If a small business lacks proper insurance, a big event can threaten its existence,” he said. <\/p>\n
Higher premiums also contribute to this, according to Benita. “That’s because insurers value policies carefully because of changing cyber risks and limited claims data,” he said. <\/p>\n
To improve access, insurance companies need to make cyber cover more affordable by using continuous risk monitoring and encouraging businesses to adopt better cybersecurity practices. These findings are based on GlobalData’s 2025 SME Survey. This included 2,054 businesses across 14 markets, including Brazil, China, France, Germany, India, Italy, Malaysia, Mexico, Saudi Arabia, South Africa, Spain, UAE, the UK and the US. \u2013Agency<\/p>\n","protected":false},"excerpt":{"rendered":"
Kathmandu. Small and medium enterprises (SMEs) around the world are suffering huge losses due to the lack of cyber insurance. This was revealed by GlobalData’s 2025 SME Survey. “More than 1 in 3 small and medium enterprises (SMEs) worldwide have experienced a cyberattack in the past three years,” the report said. As a result, many […]<\/p>\n","protected":false},"author":16,"featured_media":106058,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45031,45044,45159],"tags":[],"class_list":["post-305380","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banner-news-en","category-international-news-en","category-news-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/305380","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=305380"}],"version-history":[{"count":1,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/305380\/revisions"}],"predecessor-version":[{"id":305381,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/305380\/revisions\/305381"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/106058"}],"wp:attachment":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=305380"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=305380"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=305380"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}