The average number of cyber attacks with the potential to cause damage or result in the loss of high-value assets more than doubled in the first month of this year per organisation compared to in January 2017.
Approximately one-third of UK business leaders would pay a ransom if they suffered a cyber attack, with one in ten willing to fork out £1m or more to get their systems and data back.
Financial institutions across the world are increasingly turning to technology to manage a growing number of digital threats and regulatory requirements.
Businesses around the world will increase their cyber security investment by a third over the next four years, reaching a collective annual spend of $134bn (£95bn) by 2022.
The threats associated with artificial intelligence (AI) applications could easily counterbalance the potential benefits if the technology falls into the wrong hands.
Investment in the insurance technology industry increased by 385% to $679m (£480m) across Europe last year, with the continent emerging as the world’s top InsurTech hub outside North America.
Three-quarters of citizens across the UK, US, Australia, France, Germany and Singapore are willing to use artificial intelligence (AI) to improve retirement incomes.
Six out of 10 investors with no current exposure to digital currencies like Bitcoin and Ethereum would consider including them in their investment portfolios.
Very few companies are prepared for an expected surge in automation over the next few years, with the use of artificial intelligence (AI) and robotics set to almost double by 2021.
Some 69% of financial services companies across Europe are not able to secure consumer data effectively, despite incoming regulation potentially hitting these firms for hundreds of millions of pounds.