Cyber Insurance Guidance

Cyber Insurance Guidance

In today’s rapidly evolving digital landscape, protecting your business from cyber threats has become more crucial than ever. At Stanmore Insurance, we understand the importance of safeguarding your digital assets from cyber attacks and ensuring the continuity of your business operations.

With technology continuously advancing, the challenges of securing your business from cyber risks are increasing significantly. That’s why we’re committed to providing reliable and comprehensive information on Cyber Insurance. Our Cyber Hub is specifically designed to house all the essential information on Cyber Insurance for your convenience. Here, you’ll find up-to-date resources, expert advice, and in-depth insights on how to effectively mitigate the risks associated with cyber security.

Cyber Insurance Resources Hub

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How Dangerous are Cyber Attacks?

A 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...

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What to Do During a Cyber Attack

A cyber attack can be a highly stressful and challenging experience for any business. Acting quickly and correctly in the aftermath is crucial to supporting your business’s recovery. This article...

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The Cost of a Cyber Attack on your Business

As more people around the world gain internet access, the risk of your business falling victim to a cyber attack continues to grow. While the immediate impact of a cyber...

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What to Do After a Cyber Attack

Experiencing a cyber attack can leave you feeling overwhelmed and understandably upset. However, taking a few key steps immediately afterwards is essential to help your business recover and reduce the...

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Cyber Extortion Insurance: What it Covers

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,...

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What is the Cyber Essentials Scheme?

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...

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Contingent Business Interruption in Cyber Insurance

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...

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Business Interruption Cover: Explained

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...

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What Does Data Breach Insurance Cover?

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 companies...

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What is “Bricking” in Cyber Security?

Bricking is a type of cyber attack in which a device is rendered completely unusable, effectively turning it into a “brick.” While it is less common than threats such as...

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How to Create a Cyber Incident Response Plan

Modern businesses increasingly rely on technology, and cybercrime has become a major concern for organisations small and large, and across all industry sectors. For that reason, having a Cyber Incident...

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How to Prevent Social Engineering Attacks

Social engineering attacks involve cybercriminals tricking people into disclosing sensitive information, granting access to computer networks, or performing actions that could compromise your business’s security. Rather than focussing on technical...

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Why Do Cyber Insurance Claims Get Rejected?

Almost every successful business has some form of online presence, which has contributed to the rise in cybercrime. As a result, organisations of all sizes and sectors increasingly invest in...

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How to Reduce Cyber Insurance Premiums

In these times when pretty much every business, including startups and charities, has some kind of online presence, cyber insurance coverage is critical.  If cybercriminals hack your network and steal...

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What Is Third-Party Cyber Insurance Cover?

In today’s digital world, almost all businesses have an online presence which can expose you to cyber-attacks and the activities of cybercriminals. Third-party cyber insurance coverage protects your business and...

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15 Ways to Improve your Business’s Cyber Security

Recent estimates report losses to UK businesses totalling over £3 billion due to cybercrime, and that figure is set to rise in the coming years. In some cases, companies never...

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First Party vs Third Party Cyber Insurance

In today’s increasingly online world, almost all businesses are in danger of becoming victims of cybercrime. In fact, if your organisation has a website, email address, social media presence, POS...

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Why Do Cyber Attackers Use Social Engineering?

Almost every modern business uses the internet on a daily basis, and that leaves companies open to attack by cybercriminals. Did you know your business systems are at risk of...

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How to Defend Your Business Against a Cyber Attack

As technology and society’s reliance on the internet advances, cyber-attack risks increase. So, it’s now crucial for businesses and organisations of all sizes to protect themselves against cyber threats. No...

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How Much Cyber Insurance Coverage Do You Need?

Most modern businesses have an online presence; many store client data and personal information on their internal IT systems. Although having your customers’ data available at the touch of a...

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Does Cyber Insurance Cover Social Engineering?

Cyberattacks are rising globally and there has been a significant increase in cyber‑extortion and digital attack rates. That makes it all the more important to prepare your defences. One of...

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Does Cyber Insurance Cover Cryptocurrency?

Do you hold cryptocurrency in your business? Cryptocurrency fraud and scams have surged in recent years and global reports show steep rises in fraudulent activity involving digital assets. But will...

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Does Cyber Insurance Cover Phishing?

Phishing attacks are one of the most frequent threats facing UK businesses. They involve impersonating trusted individuals or organisations to steal money, sensitive information, or customer data. This highlights why...

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What is a Waiting Period in Cyber Insurance?

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...

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How are Cyber Insurance Premiums Calculated?

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...

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Key Questions Before Buying Cyber Insurance

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...

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Do I Need Cyber Insurance If I Have Professional Indemnity Insurance?

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...

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What is Cyber Extortion?

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...

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Does Cyber Insurance Cover Ransomware?

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...

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A Checklist for Buying Cyber Insurance: What to Consider

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...

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Is Cyber Insurance Important for Businesses?

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...

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Cybersecurity Threats and Attacks Your Business Should Be Aware Of

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...

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The 5 Components of Cyber Insurance

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...

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