Hiscox stories
Sleep loss and costly cover gaps are leaving most UK small firms exposed, as 77% say they do not understand cyber insurance.
Registrations of UK tech firms with 'AI' in their name have soared 1,321% since ChatGPT's 2022 launch, signalling rapid growth in the AI sector.
Two thirds of global firms saw a rise in cyberattacks last year, with AI-driven threats and lack of expertise raising security concerns, says Hiscox report.
Former Hiscox executive, Jodi Cartwright, joins fintech firm Tint Financial Services as Chief Commercial Officer, aiming to enhance cross-border trading for SMEs.
Nearly 50% of UK businesses suffered a cyber attack in 2023, marking a 9% rise from the previous year, says Hiscox.
The funding will help Feathery expand software used by more than 300 financial firms to automate workflows and data sharing.
Many SMEs face repeat disruption after paying ransomware gangs, with insurers warning that restored access often still means costly system rebuilds.
Hiscox launches a multi-site technology graduate scheme across London, Lisbon and York as it ramps up hiring for digital and cyber roles.
The travel and leisure, retail and wholesale, and business services industries were the top three sectors most at risk.
Almost half of Irish businesses faced at least one cyber attack last year, exposing hidden costs that can hit operations, cash flow and trust.
