Despite the risks and potential upheaval posed by cyber attacks, many businesses forego the critical requirement for Cyber Liability and Crime insurance until it’s too late.
In the current time of home working and hybrid offices, breaches in online security and cyber attacks are on the rise – making Cyber Liability and Crime insurance all the more critical.
Between January and April 2020, there was a 630% rise in cloud-based cyber attacks1 and, when surveyed, as many as 57% of IT decision makers admitted they believe that remote workers will expose their firm to the risk of a data breach2.
So it’s no secret that Cyber Liability and Crime insurance is crucial for the smooth running and continuity of business. The right insurance policy can cover extortion attempts, loss of data, legal advice, business interruption and more.
In our latest FAQ video, Senior Account Executive Julie Heatley-Thomas outlines the protection and peace of mind a Cyber Liability and Crime insurance policy can bring any small-to-medium business.
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References in this article
1 Statistics of Cyber Security Risks When Working From Home – dbxuk.com
2 Home working increases cyber-security fears – bbc.com