Businesses lack a major tool: cyber insurance coverage.

This year, headlines have been dominated by cyber attacks against prominent business names, causing disruptions and financial losses. But many of these businesses lacked a major tool: cyber insurance coverage.

Marks & Spencer dominated the news in April and May after it was hit by a cyber attack, which forced the retail giant to suspend its online ordering capabilities. The suspension of its online orders lasted for over six weeks, resulting in financial losses for M&S.

Around the same time as M&S, the Co-op and Harrods were also hit by attacks.

In July, four people, including three teenagers and a 20-year-old woman, were arrested in connection with a wave of cyber attacks against M&S, the Co-op, and Harrods.

At the time, Xavie

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