We live in an era where all our personal information is constantly being mined. Our data is valuable and we share it daily with a myriad of companies. We are under constant threat by hackers and cyber criminals looking at ways of extorting information for resale or for ransom.
Almost daily the headlines name large organisations that have been hacked and had data stolen but what we don’t read is that more and more micro and small businesses are being targeted by phishing and social engineers. There is now also a greater duty of care being placed on your business to protect your employees, customers and suppliers’ personal data (recent GDPR regulations) so, it is becoming more apparent that no matter how small your business is, you require a partner who can help protect your business in the event of a cyber breach.
Your employees are your strongest link, so upskilling your staff to recognise potential threats is one way to minimize a loss, but should that fail, then transferring the risk to an insurer who understands the threats to your business and reputation, is an investment you can’t afford to be without.
Re-instatement of your data
Loss of your gross profit
A specialist IT forensic company to investigate the cause and scope of the Cyber Event, and what data has been compromised
A specialist law firm to defend you
The costs involved in notifying your data subjects as required by legislation or considered necessary to protect your reputation
A Public Relations Company to protect and mitigate any damage to your reputation
Credit monitoring costs for individuals affected by theft of debit or credit card details
Any fines and penalties that you are required to pay by the Payment Card Industry
Assessment Costs for fraudulent card transactions for which you are liable
Your legal liability for the transmission of a virus to a third party, or your unknowingly taking part in a denial-of-service attack
Your legal liability for accidentally infringing any copyright or trademark, or any defamation, provided always that this liability is incurred in undertaking your usual business practices.
The reimbursement of financial loss resulting from theft or unauthorized transfer of your funds by electronic means
Phishing or social engineering resulting in transfer of your funds to an unintended party
Third party funds held in your account being transferred to an unintended party
Hardware replacement costs as a result of a Cyber Event which renders a computer device non-functional
A loss arising from any unauthorised access to your internal digital telephony infrastructure
Always on hand to provide you with information, advice and guidance.
01962 774421 insurance@covermarque.com
