A successful cyber attack can cause a huge amount of damage to your business, no matter what size it is. The impact of a security breach can be extremely dangerous in regards to financial matters, your reputation and potential legal implications. Which businesses should worry about cyber security? Realistically, any business which relies on having…
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When your business suffers from a cyber attack, it can be an extremely stressful and distressing situation. However, having the necessary steps to take planned out in case a cyber attack was to happen is one of the best ways of aiding your businesses recovery. Avoiding cyber risks by taking steps in advance Taking precautionary…
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With an increased number of people being able to access the internet all across the world, there is unfortunately the growing risk of you and your business falling victim to a cyber attack. While the immediate impact of a cyber attack can be devastating, it is important you understand how the costs of an attack…
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After your business has suffered a cyber attack, it can leave you feeling deflated and understandably upset. However, there are a few necessary steps you should take immediately after a cyber attack to help recover your business and prevent a second attack from occurring. What is a cyber attack? A cyber attack is an unauthorised,…
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Targeted cyber extortion attacks are becoming increasingly common, leaving many businesses across the world suffering financially if they do not comply with the demands of the attacker. At Stanmore Insurance, we can help you to navigate cyber extortion attacks by providing an initial response plan and guiding you through the recovery process. What is cyber…
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The Cyber Essentials Scheme helps to guard your organisation and its supply chain from the most common types of cyber threats. Not only does the scheme help to protect your business, but it demonstrates your commitment to cyber security. What is the Cyber Essentials scheme? The Cyber Essentials scheme is a government-backed, industry supported scheme…
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Contingent Business Interruption is used by many businesses to protect their income should their computer systems and service providers be interrupted by cyber failures or attacks. It is often overlooked by many organisations, but it could save you a huge amount of money and stress should your business be targeted. What is cyber contingent business…
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When it comes to cyber insurance coverage, one critical element of your policy you should consider is business interruption insurance (or business income insurance). Business interruption insurance protects your business from the financial losses you could incur if you cannot continue operating normally following a cyber attack. We explore what business income insurance covers, how…
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It is so important that the insurance market adapts to counter the new wave of cybercrime and protect businesses from the havoc cyber criminals can wreak. Data breach insurance coverage is an important element of any cyber insurance policy; but what is a data breach, and why is this insurance coverage component so important for…
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Bricking is one of the latest tactics used by cybercriminals to cripple a company, preventing its normal daily operation and causing horrendous problems for business owners and their clients. Read this guide to learn more about bricking, including how to prevent it and why cyber insurance coverage is so critical for your organisation. What is…
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