The global cyber attack that recently crippled the NHS has certainly brought home the threats that businesses face in today’s digital working environment. Here we look at what can be done to protect YOUR business from the potentially devastating effects of cyber crime.
Cyber security breaches can have a serious knock-on effect. Viruses or hacking can bring customer transactions to a standstill; critical data can be lost, corrupted or damaged; intellectual property can be compromised. Revenue and profits are likely to suffer as a result. There could be follow-on liabilities such as notification costs, fines for data loss, legal expenses, awards and damages to pay out. Thankfully, purpose-designed insurance products are now becoming available in response to a very real need.