AI Risks Drive SME Cyber Insurance Uptake | VARINDIA News Hour

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Artificial Intelligence is rapidly reshaping how small and medium enterprises (SMEs) approach cyber risk—and insurance. AI-related threats have now overtaken past cyberattacks as the primary driver behind SMEs purchasing cyber insurance.


Key Focus:

• AI emerges as the top driver of SME cyber insurance adoption
• 39% of SMEs rely on broker advice; 33.8% on financial advisors
• Rising concern over AI-related operational and legal risks
• Coverage gaps for internal AI failures and algorithmic bias
• Role of advisors in recommending AI-specific insurance add-ons
• Need for affordable, prevention-focused cyber insurance for SMEs


Today’s Headlines:

• PhonePe gets SEBI approval for a ₹12,000 crore IPO, valuing the company at ~$15 billion
• Lodha Developers commits ₹1.3 lakh crore to build India’s largest data centre park in Maharashtra
• Elon Musk confirms Tesla has revived the Dojo 3 supercomputer project after progress on the AI5 chip
• Google tests a new Chrome tool on iOS to simplify data import from Safari
• WhatsApp Web may soon support group voice and video calls, narrowing the gap with mobile apps


#VARINDIANewsHour #CyberInsurance #AIrisks #SMECyberSecurity #ArtificialIntelligence #DataProtection #CyberRisk #InsurTech #TechNews #EnterpriseSecurity

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