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Selective Survey Finds Majority Of Small Businesses Lack Cyber Insurance Coverage Small Businesses Indicate Growing Concern about Cyber Risk as a Result of COVID-19, Yet Few Have Coverage News provided by Share this article Share this article BRANCHVILLE, N.J., March 15, 2021 /PRNewswire/  A survey of small businesses conducted by Appalachian State University in coordination with Selective found that cybersecurity and technology issues were growing concerns for 44% of survey respondents due to the COVID-19 pandemic. Yet, only 20% of survey respondents have cyber insurance coverage. The findings highlight an awareness gap among small businesses about the risks they face from cybercrime. Twenty-eight percent of data breaches impact small businesses, and phishing attacks account for over 30% of breaches, making them the biggest cyber threat for small organizations.

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