Vanbreda Cyber Security Study: 21% of all cyber security incidents in 2022 resulted in damage in excess of 100,000 euro
Now, more than ever Belgian companies are aware of potential digital risks and recognise the need to protect themselves via cyber security insurance. Damage statistics in our cyber portfolio also show that cyber security incidents are becoming more and more costly for Belgian companies. In 2022 the total cost of 1 in 5 incidents exceeded 100,000 euro. Regular security updates, employee training and choosing the right IT partner should all be part of an effective prevention strategy. They are also important criteria when it comes to arranging cyber security insurance in the Belgian market today.