The very real threat of cyber risk

We’ve witnessed a spate of extremely high profile cyber security breaches in recent years. What was first viewed as a spike in activity is slowly being recognised as the new normal. The forecast for 2015 is just as cloudy as 2013 and 2014, with no let up on attacks to steal valuable information such as client databases, pricing lists or even details of a new tender. 

What’s the risk?

Cyber criminals can go after and make use of:

       valuable customer databases

       confidential customer information such as bank details

       employment information such as national insurance numbers

       social media accounts

       intellectual property such as product designs

       digital and cloud stored assets

How cyber threats enter your business

What are the most common cyber security risks? And how do these breaches occur? Hear from Eric Franz, head of commercial product and Steven Sanders, IDT911 global account director in our latest video.

Get ahead of the game

With new EU regulations coming in 2016, businesses will need to comply with more onerous rules around notification, consent and the right to be forgotten – breaches could result in significant fines of up to 2% of their turnover. This means it’s crucial that your clients take the appropriate steps to secure against cyber security.

Whether your client’s website has been hacked or their data is compromised speed and quality of response is critical. That’s why at the heart of our cyber cover we provide a range of proactive risk management tools to help your clients manage their cyber exposure and provide remediation services should a breach occur. 

Get a quote today

To get a cyber quote for your client’s, just get in touch with your usual underwriter*.

 

 *Please note, cyber cover is not currently available on Fast Trade.

 

 

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