Is your company participating in Black Friday? If so, you’re one of the thousands that are clogging consumer’s inboxes with discounts and specials on the latest services and products. Black Friday is an American tradition that many businesses around the world appear to have adopted. But there are some indications that show that this popular…
Cyber criminals are getting nastier and stooping to new lows to get what they want from hapless victims. In the latest turn of events they are blackmailing victims by telling them they will divulge embarrassing details about them to their families and friends. They often demand around £250 pounds or more in exchange for their…
According to global insurance broker, Marsh, phishing cost UK businesses £29.1 billion in 2016. Two years on there’s no doubt that the industry is still suffering at the hands of cyber criminals using this tactic – having to pay billions of pounds to negate these attacks and invest in preventative tech measures. This is because…
According to a report by Reuters, Dutch insurer Tryg said that 90% of its corporate customers will buy cyber crime insurance within the next five hears as the threat from hackers and viruses to data and IT systems rises. Since the beginning of the year the company has sold 5,000 cyber crime insurance policies. Wannacry…
When it comes to legislation names, the European Union’s General Data Protection Regulation (GDPR) couldn’t sound blander but the new rules and their impact are not something that should be underestimated or ignored. When it comes to enforcement – there’s not much time to get familiar with the terminology and ensure compliance within your business…
Cyber-attacks, in all manner of variants, rose to unprecedented levels in 2016 and the world seemed to truly start waking up to their considerable risk, damage, and costs. And well we might, because the predictions for 2017 and beyond are that, this is a risk that is only going to grow. Make no mistake, there’s…
It’s probably fair to say that you can’t protect your insurance brokerage against all cyber-attacks, but it’s also fair to say that you may not need to. There will always be an incredibly clever bunch of coders out there who, if they’re determined enough, can hack your systems. However, unless you’ve done something to upset…
In a global business environment the number one asset for an enterprise is its data. It’s data that enables the fine-tuning of products and research into new product development. It’s data that enables constant customer contact, client billing and delivery to clients. Yet, cyber-risk insurance that protects that data and the misuse of that data…
