November 23, 2024
Cyber Insurance – Your Defence Against Cyber Attacks
You may assume that only large companies are at risk of having their information stolen.
However research suggests the opposite, everyone can be a cybercrime target – even small business owners. It is your responsibility to protect your data and your customers information.
At Arma Insurance Brokers we aim to spread awareness of the Cyber Attack epidemic and ensure all our clients are protected.
The result of a cyber attack can be devasting. Research shows that 60% of Small/Medium businesses who are hacked
go out of Business in 6 months.
How can you protect your data?
– Ensure Software licenses and anti virus updates are enabled
– Regularly review how your information is stored
– Plan ahead – what is your emergency plan if something happens
– Educate your team in regards to online security
– Have Cyber Insurance
A Cyber insurance policy is part of a successful insurance plan. It is not the first line of defence,
but it is designed to protect your business when the IT security, policies and procedures fail to stop an attack.
A Cyber Insurance policy includes the following:
– Third Party Claims from the failure of keeping their data secure,
– Business Interruption to cover the reimbursement for lost profits and the necessary costs to keep
the business operational,
– Reimbursement of your costs including credit monitoring, cyber extortion and data restoration
– An Emergency Incident Response Team to assist in the event of an attack.
For more information or a quote please contact our office.