Cyber & data risks

Cyber & data risks

Cyber liability and data risks insurance is designed to support and protect your business if it experiences a data breach or is the subject of an attack by a malicious hacker that affects its computer systems.  With high profile attacks on the NHS, Tesco and other leading retailers, cyber attacks are becoming more frequent with the Government reporting that one in five UK businesses suffered from cyber attacks or data breaches in 2016 and up to 42% of large businesses.

Your business could be vulnerable to a data breach or loss of vital business services if you:

  • hold sensitive customer details, such as names and addresses, or banking information;
  • are reliant on computer systems to conduct your business;
  • have a website;
  • are subject to a payment card industry (PCI) merchant services agreement.

For example, large membership organisations and sporting venues that store and process member information could be at risk. Insurance covers can include breach costs, cyber Business Interruption, cyber extortion, hacker damage and media liability.

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Cyber & data risks news

Cyber-attacks: prevention better than cure.

14.03.2018

In many ways, cyber-attacks are like sports injuries: nobody can afford to suffer one; they can hit unexpectedly at any time; the level of damage can vary vastly and prevention is always better than cure.