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Search: “Hiscox Cyber Readiness Report”
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Cyber-Attacks Cost Organizations $52,000 on Average
Hiscox's 2026 survey of 6,800 security leaders found 29% of organizations hit by successful attacks averaging $52,000 in costs and 32.8 hours of downtime.
The Hiscox Cyber Readiness Report 2026, based on a survey of 6,800 security decision-makers across the UK, Europe, and US, found 29% of organizations suffered at least one successful cyber-attack in the past 12 months, averaging four incidents per victim. UK firms were most attacked at 38% while US firms were least at 20%; average incident cost was $52,000 globally, peaking at $134,138 in Italy, with 32.8 hours of average downtime. Impacts included growth delays (32%), financial penalties (28%), and burnout or toxic culture (69%). Businesses invest about $51,000 annually in resilience, and 32% now tie executive compensation to cybersecurity outcomes.
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Securing Your Business: The Vital Role of Cyber Insurance | Huntress
Huntress explains cyber insurance coverage types, insurer security requirements, and the shift toward documented evidence of controls.
Huntress outlines first-party and third-party cyber insurance coverage, including business interruption, data recovery, extortion, privacy liability, and regulatory fines. Insurers now commonly require EDR, MFA, security awareness training, patching, tested backups, least-privilege access, and incident response plans. With ransomware accounting for 91% of insurance losses in H1 2025 and average US breach costs at $10.22 million, underwriters increasingly demand evidence packs rather than self-attestation.
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