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Your business faces many risks, but an ever-present threat is cyberattacks. UK firms are uniquely positioned because the UK reported the highest rate of cyberattacks of any European nation. For this reason, cyber insurance is a must-have for any business serious about its security. This guide discusses waiting periods in cyber insurance and how these…
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With more and more business being carried out online, companies and organisations face growing cyber threats, from ransomware attacks to data breaches. The potential financial losses resulting from these cyber crimes can be devastating, so many businesses are turning to cyber insurance to protect themselves. This article explains how cyber insurance premiums are calculated, what…
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With cyber-attacks increasing, investing in cyber insurance is crucial for businesses and organisations of all sizes to protect themselves from the reputational and financial risks associated with cybercrime. Before you invest in cyber insurance, consider asking the following questions to be sure you get coverage that best suits your business needs. What to look for…
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Cyber insurance is a must-have for any business of any size. If you operate online, cyber insurance can protect you against a myriad of threats, including financial loss and business interruption. In the UK, 43 % of businesses and 30 % of charities reported experiencing a cyber security breach or attack in the past 12 months. This…
Continue reading "Do I Need Cyber Insurance If I Have Professional Indemnity Insurance?"
Most businesses have an online presence and use the internet for many of their daily transactions, communication with customers and other third parties. Unfortunately, online criminals are well aware of that and will exploit any system and network vulnerabilities they find for nefarious purposes. What is cyber extortion? Cyber extortion is a form of online…
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Cybercrime has never been a greater threat than today and one type of attack that often makes headlines is ransomware. These attacks encrypt everything on your network and demand a fee to decrypt it. If you fail to pay the fee, your data will be deleted. It’s easy to see how businesses could be destroyed…
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Every year, tens of thousands of cybersecurity breaches occur, with over 75% of those breaches affecting small businesses with less than 200 employees. An even more concerning fact for business owners is that over 60% of those operations go out of business permanently within six months of a cybersecurity breach. Bearing in mind those frightening…
Continue reading "A Checklist for Buying Cyber Insurance: What to Consider"
Technology and internet use have many advantages for today’s businesses in all sectors. However, our growing use of tech has led to a new form of cybercrime. Cybercriminals attack almost any kind of online system, including the following: If your business’s systems are attacked or hacked, it’s essential to have cyber insurance in place to…
Continue reading "Is Cyber Insurance Important for Businesses?"
In today’s digital landscape, highly technical cyber-attacks are a great fear for modern businesses and can bring your operation to a grinding halt if you’re unprepared. Cybercrime can compromise your customer’s sensitive data, damage your reputation, disrupt operations and even leave your business completely unable to operate. It’s key for businesses to learn what significant…
Continue reading "Cybersecurity Threats and Attacks Your Business Should Be Aware Of"
Cyber is considered by many to be the number one risk that businesses currently face. With cyber threats more prominent than ever and the market increasingly more complex, it is important that you have insurance in place to protect you should your business face a cyber threat or attack. What is cyber insurance? Cyber insurance…
Continue reading "The 5 Components of Cyber Insurance"Stanmore Insurance Brokers is a Chartered firm of insurance brokers. This means we have satisfied rigorous criteria relating to professional qualifications and ethical good practice. Our Chartered status means you can be confident that you are dealing with one of the UK’s leading firms that is wholly committed to providing you with the best possible advice, service and support.
