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Subscribe to this list via RSS Blog posts tagged in theft

Posted by on in Nsure Technology

Don't Let The Lights Go Out On Your Business

Fears that the 2012 London Olympics opening ceremony might have come under cyber-attack have been detailed by officials for the first time.
The concern was that the lights could have been turned off during the ceremony.

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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.

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Within my previous blogs I have provided various reasons & scenarios as why businesses today should seriously consider buying Cyber Liability Insurance. I am now able courtesy of CFC Underwriting to provide ten reasons to buy Cyber Liability Insurance. CFC Underwriting are one of the UK's major providers of Cyber Liability Insurance and are therefore extremely well placed to provide this information.

 

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Posted by on in Nsure Technology

Cyber insurance is a fast emerging market despite the fact that the risks have been out there for some time. The increase in the number of attacks along with media & press coverage has brought increased awareness to both the general public and business. The fact of the matter is that these risks will not be going away anytime soon and if anything are far likely to increase.

 

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