Two recent studies show that the frequency and seriousness of cyber attacks in France have increased in the past two years. An average of 21 cyber security incidents affecting French businesses occurred each day in 2015, corresponding to a 51% increase in one year, while over the same period the increase was only 38% on average around the world.

Despite this higher exposure, fewer than 5% of French companies have purchased cyber risk insurance. However, French executives seem increasingly aware of the necessity to insure their companies against the risks resulting from cyber attacks, and to focus on the protection of their companies’ online access to bank accounts and means of payment, the protection against identity theft and the protection of their companies’ e-reputation.