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Mandatory cyber insurance for Turkish SMEs

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Magazine Issue: 
Insurers, up against web giants [3]
Magazine date: 
Apr 2021

work officeLocal insurance company executives are calling on the government to set up a mandatory cyber risk [4] insurance for SMEs (small and medium-sized enterprises).

Data from US cybersecurity firm WatchGuard, shows that the number of cyber attacks in Turkey jumped by 81% in 2020. Moreover, 75% of SMEs do not benefit from a cyber coverage.

Turkey holds more than 3 million SMEs, 43% of which are heavily affected by malware attacks. Experts in the industry say the level of cyber security awareness is very low.

Read also | Cyber attacks in 2022 [5]

Mon, 12/04/2021 - 15:59

Source URL: https://www.atlas-mag.net/en/article/mandatory-cyber-insurance-for-turkish-smes

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[3] https://www.atlas-mag.net/en/issue/insurers-facing-the-giants-of-the-net
[4] https://www.atlas-mag.net/en/article/cyber-risk-market-on-the-rise
[5] https://www.atlas-mag.net/en/article/list-of-major-cyber-attacks-in-2021