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.

How Dangerous are Cyber Attacks?

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...

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What to Do During a Cyber Attack

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...

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The Cost Impact of a Cyber Attack on your Business

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...

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What to Do After a Cyber Attack

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...

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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?

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...

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What is “Bricking” in Cyber Security?

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...

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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?

Nowadays, almost every successful business has an online presence of some kind, and that’s fuelling the increase in cybercrime. For that reason, most organisations of all sizes and across all...

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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 GDPR Fines?

Five years ago, the world’s most stringent security and privacy law was enacted. The General Data Protection Regulation (GDPR) was formulated by the European Union (EU) and has become the...

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Does Cyber Insurance Cover Social Engineering?

There has been a recent resurgence in cyberattacks, with a 7% global year-on-year increase in Q1 2023. This demonstrates that now more than ever, you must prepare your defences against...

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Does Cyber Insurance Cover Cryptocurrency?

Does your company hold cryptocurrency? According to the Financial Times, crypto fraud has risen by 40% year-on-year; but, will cyber insurance protect you if your cryptocurrency disappears as part of...

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Does Cyber Insurance Cover Phishing?

Phishing attacks are among the most common risks UK businesses face. They work by impersonating someone reputable to obtain money, secrets or customer data. In fact, 83% of businesses that...

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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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Questions You Should Ask Before Investing in 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?

These days, 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...

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Does Cyber Insurance Cover Ransomware?

Cybercrime has never been a greater threat than today. According to the Cyber Security Breaches Survey 2023, 2.39 million instances of cybercrime were reported; but the one type of attack...

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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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Stay Alert: Watch out for Cyber crime

We are seeing an increase in cyber-attacks both in the press (Man United were recently held to ransom) and also with local businesses and clients. At this time of year,...

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