Cyber breaches can be catastrophic and tarnish the reputation of companies. The UK government have stated that the average cost of a cyber breach for a small business is £3,650 and as much as £22,700 for a large business.
If your business holds customer’s data, relies on the use of computer systems or processes online payments you could be at risk of a cyber attack that could leave your business exposed.
It depends on the nature of your business. However, the UK government have stated that staggering 61% of large corporations have suffered a cyber breach.
Cyber breaches are on the rise in the UK and can lead to both a loss of revenue and hefty fines from the Information Commissioner’s Office.
It depends on the size of your business and how vulnerable it is to cyber attacks. You will have the option to choose a cover level that suits you.
Ransomware is an instance of a hacker stealing a company or individuals data and threatening to share or destroy it unless they are paid a ransom fee.
Phishing is the attempt to fraudulently acquire an individual or a company’s sensitive information and data by masquerading as a trusted entity.
Cryptojacking is the process of hiding a software on a victim’s computer and using their resources to mine online currencies.
Cyber insurance covers data such as personally identifiable information, Payment card information and Personal health information.