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Cyber Insurance - Are you insured correctly? Probably not!

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Whilst maintaining adequate IT security is a must, things happen that can be beyond your control or simply go wrong. Criminals are also becoming far more sophisticated and evolving ways around advancements in IT security. How confident are you that you and your staff will always follow procedures regarding passwords and security, not open that email containing a virus or leave a laptop or phone containing information on a train, plane or a bus?

There will always be unintentional human error and unfortunately also the risk of intentional damage. Tight contractual requirements with providers are also a must, but how easy will it be to obtain damages or what if that company goes bust?. And it's not just big businesses being targeted by hackers, but lots of small ones too. Whilst the large-scale hack attacks on the news often involve big companies, small companies are also at risk and often don't have the financial resources to get back on track after a hacking attack or other kinds of data loss. In fact, over a third of global targeted attacks were aimed at businesses with less than 250 employees. Cyber-attacks are quickly becoming one of the greatest risks faced by smaller companies.

So insurance is now at hand, ensuring that your business is protected in the correct manner. Please do not just assume that you are already covered as most 'cyber' risks are simply not covered by traditional insurance policies. Specialist 'Cyber' policies provide you with cover for exposures such as hacking and virus attacks, operational errors, data and privacy breaches, defamation and infringement of intellectual property and brings together both 1st and 3rd party modular cover, with premiums starting as low as £300 per year for small businesses.

Remember any online data or data storage presents a security risk and the threats are constantly evolving, what we are looking to do at Nsure Technology is to educate both our existing and potentially new clients to stay on top of an ever changing landscape.

 

For further information on Cyber Technology Insurance please contact Geoff Stanbridge on 01903 520200 or email This email address is being protected from spambots. You need JavaScript enabled to view it.

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