Cyber & Crime Insurance
Cyber Insurance is one of the biggest threats to businesses and individuals worldwide. Yet, a study has shown that only 23% of companies in the UK have cover in place. We still see many clients without having any cyber cover or sufficient cyber cover in place.
Cyber Liability Insurance is arguably one of the most essential and relevant insurance products that have been developed in the industry.
It is relevant for individuals as much as it is for a business of all sizes, Offices, SME Businesses and corporate.
Cyber data and crime insurance will protect your business against financial loss relating to damage to or loss of information from IT systems and networks. It is vitally important for companies to consider cover for cyber, date and crime insurance.
Cyber criminals are constantly evolving, taking into account new opportunities to exploit businesses in new and different ways. According to the Government’s Cyber Security Breaches Survey 2020*, the extent of cyber security threats has, far from reducing, in fact, evolved and became more frequent.
Fraud, data theft, social engineering, email phishing, viruses and password attacks to malware and ransomware are all examples of Cyber threats. Criminals will attempt to fool you into parting with money, information or both. This can be damaging to you and your business and, in most cases, will lead to a financial loss to your business.