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Changes in technology, changes in process, changes in cover; why businesses need to understand what cyber insurance covers. Technology has changed the face of business in Britain. Over the last 20 years, the way we use technology has completely altered and for many of us, has made the way we work unrecognizable compared to how [...]
What you need to know shouldn’t make you Wanna Cry! There’s been widespread media coverage in the last week of the Cyber Attack affecting the NHS IT network. A Ransomeware virus, named Wanna Cry saw NHS systems go into meltdown. But it hasn’t just been the NHS who has been affected. In fact, over [...]
Did you know there are 10,000 cyber attacks on SME’s each week? Facts regarding cyber attacks: 50% increase in cyber attacks since 2011 87% of small businesses experienced a data breach in 2012 UK cyber crime costs £27 billion per year Average cost of a data breach for an SME is £65,000 Currently it is [...]
Retail customers need extra vigilance against cyber crime during the festive spree It is estimated that billions of pounds will be spent, mainly using debit and credit cards online over the Christmas period, you may well be distracted by all the bargains and not take as many precautions as normal regarding the security of your [...]
Take these steps to help reduce your cyber liability risk With cybercrime and data breaches increasing at an alarming rate in the UK, basic risk management can help to stop or reduce your exposure in suffering an incident. We recommend that all businesses take steps to review and implement procedures to help minimise the chances of [...]
UK businesses targeted by fraud The first 6 months of 2015 has brought a sharp increase of fake invoices being sent out to small businesses according to Action Fraud. Almost 750 companies have reported falling for this scam between January and June 2015. A stark increase compared to the 603 victims throughout 2014. This number [...]
Business directors need protection with cyber liability insurance A leading UK lawyer has warned that UK companies need to recognise the risk of cyber-related D&O (directors’ and officers’) liability claims. After a succession of large-scale data breaches targeted at corporate heavyweights such as Target, Adobe, Sony and the well-documented complex malware attacks Heartbleed bug, Regin [...]
UK businesses are under attack - here's why you need Cyber Liability Insurance Below are five facts about cyber attacks on businesses in the UK that may surprise you: There are 10,000 cyber attacks on SME’s each week 50% increase in cyber attacks since 2011 87% of small businesses experienced a data breach in 2012 UK [...]
