Businesses using Google Workspace are only half as likely to suffer a reportable cyberattack compared to companies using Microsoft 365, according to claims data collected by cyber insurance firms.
In its 2023 Cyber Claims Report, insurance firm Coalition found that companies using Microsoft Office 365 were more than twice as likely (a 133% increase) to make a claim against insurance, compared to companies using Google Workspace. Another analysis of claims data by insurer At-Bay found that Microsoft 365 had a relative email claims frequency of 0.14%, exactly double that of the 0.07% for businesses using Google Workspace.
The insurance data suggests that Google Workspace is less risky than Microsoft 365, and as such, premiums for Microsoft 365 users are higher, says Adam Tyra, general manager of security services for At-Bay.
“Based on the findings of our email security research, Google Workspace users will see significantly lower premiums compared to Microsoft 365 users,” he says. “But…