In this post, we are looking at how professional indemnity insurance has been affected by a rise in demand and drop in availability, brought on by a hardening of the insurance market that’s been further accelerated by the COVID-19 pandemic. We’ll be sharing advice on what to expect when attempting to obtain PI insurance, and providing expert tips on securing the cover you need to protect your business.
Last month, a critical vulnerability in the Windows DNS server was revealed, with the potential to allow cybercriminals to gain access and make changes to company IT systems. This vulnerability is ‘wormable’, and affects ALL Windows users, which means that immediately installing the security patch released to deal with the issue is absolutely crucial. If this is not possible straight away, then a workaround must be implemented.
Ransomware is a form of malware that encrypts a victim’s files so that data cannot be accessed. The attacker then demands a ransom from the victim in exchange for restoring the data. Some of the more aggressive forms of ransomware exploit security holes in operating systems, infecting computers without the need to deceive users. One such security vulnerability is BlueKeep, discovered in May 2019 to be affecting older versions of Microsoft Windows.
Have you been joining many other UK businesses in stockpiling imported goods ahead of a hard or uncertain Brexit? If so, or if you are considering it, aside from the practicalities, financial impact and logistics, there is something else of vital importance to consider: insurance.