SMEs (Small & Medium Enterprises) are the most vulnerable when it comes to cyber attacks, malware infestation, phishing and security breaches. Unlike multinational companies like Facebook or Sony, the capability of an SME to bounce back after a major cyber attack or any other IT issues are highly improbable. SMEs have less market influence, less funding for top-of-the-line cybersecurity defense spending, they are left open for malicious 3rd parties to take advantage of. Insurance policies and coverage for cyber attack victims need to be reformed early on, as the expectation of more attacks in the coming years is already assured.”]
Source: https://hackercombat.com/insurance-vs-cyber-attacks-a-conundrum-for-smes/