GlobalData reports that UK property firms face a cyber insurance gap.

What it means

GlobalData, a data analytics and consulting firm, has issued research suggesting that UK property companies (real estate, construction, and related sectors) are materially under-insured against cyber threats. The 'gap' refers to a mismatch between the cyber risks these firms actually face and the insurance coverage they hold, leaving them financially exposed to incidents like ransomware or data breaches.

Accuracy & sourcesSourced

The claim is based on GlobalData's own research, which is the primary source; Yahoo Finance is a reputable secondary outlet relaying the firm's finding. The underlying methodology and specific data are not presented in the headline, so the size or exact basis of the 'gap' is not independently verifiable from this coverage alone.

How new

This appears to be a fresh report release, with no indication of older material resurfacing, so it should be treated as current.

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