08 September 2016
Reporter: Becky Butcher

Greek businesses to tackle cyber crime problems

Greek businesses are increasingly looking to insure themselves against cyber attacks such as data breaches and ransom attacks, a new report has found.

Timetric’s report, Reinsurance in Greece, Key Trends and Opportunities to 2019, provides a detailed analysis of the market trends, drivers and challenges in the Greek reinsurance segment.

It found that most cyber attacks in Greece are unreported, as companies are either “unaware of attacks or just ignore them”.

The report stated: “The government is making an effort to increase the awareness of cyber risk insurance through the ‘Cyber Crime Unit’. This will help businesses and organisations to understand and identify and mitigate cyber-risks, and tackle incidents such as cyber-attacks or data breaches.”

The report is available to download here

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