Swiss SMEs underestimate cyber risks — new study reveals gaps
A recent study shows that 90% of Swiss SMEs have no cyber insurance, even though one in three has already been attacked.
Alarming figures for Swiss SMEs
New surveys by the Swiss Insurance Association (SIA) and the National Cyber Security Centre (NCSC) paint a concerning picture: despite rising cyber attacks, Swiss SMEs remain inadequately protected.
Key findings
- 90% of Swiss SMEs have no cyber insurance
- 33% have already been victims of a cyber attack
- 36% consider cyber insurance “too expensive”
- 28% believe they are “too small for an attack”
Why cyber insurance would have helped
With an average damage of CHF 6 million per attack on mid-sized companies, investing in cyber insurance is a fraction of the potential damage. A typical SME policy costs between CHF 600 and CHF 5,000 per year.
What Swiss SMEs should do now
- Conduct a risk assessment
- Evaluate and purchase cyber insurance
- Implement IT security measures
- Train employees (phishing, social engineering)
- Create an incident response plan