The answer is simple. The risks posed in today’s digital world mean a cyber event is more likely to cause catastrophic harm to your business than any other physical event. Insurance is traditionally purchased for losses arising out of either property damage or personal injury. What the insurance … [Read more...] about Why every business needs Cyber Insurance
ASIC report 429 provides a very comprehensive overview of the Cyber Risk and Security landscape and contains practical advice on what steps organisations need to take to improve their “Cyber Resilience”. Within the report it states that “any business that interacts over electronic networks or … [Read more...] about Managing Cyber Risk with Good Governance
Cyber Insurance can cover loss of income - but buyer beware. Business Interruption Insurance is what keeps most businesses alive following a major loss event. A full frontal cyber attack can be just as damaging to a business as a major fire. However, the extent of business interruption coverage … [Read more...] about Insuring for Loss of Revenue following a Cyber Attack
Ask yourself this: In the Event of a Major Loss, how will your Business Insurance respond in respect of Loss of Revenue? Business Interruption Insurance is one of the most misunderstood areas of insurance with over 70% of businesses being underinsured. The majority of businesses that we speak to … [Read more...] about Business Interruption