Chi Onwurah – 2016 Parliamentary Question to the Department for Culture, Media and Sport

The below Parliamentary question was asked by Chi Onwurah on 2016-10-11.

To ask the Secretary of State for Culture, Media and Sport, what steps she is taking to (a) support the development of an effective market in cyber insurance products for small businesses and (b) encourage the establishment of standards within that insurance industry.

Matt Hancock

The Government is committed to making the UK one of the safest places in the world to do business online and we recognise the role cyber insurance can play in helping to raise security levels in all businesses, including SMEs.

In March 2015 we published a report on joint initiatives between Government and the insurance sector to tackle cyber risk. The report is available here: https://www.gov.uk/government/news/cyber-security-insurance-new-steps-to-make-uk-world-centre

The Government also chairs an insurance industry working-group to look at key issues around supporting the development of the cyber insurance industry.