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 the most common threats you should watch out for is social engineering. This guide explains social engineering and explores whether your cyber insurance will cover…
Continue reading "Does Cyber Insurance Cover Social Engineering?"
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 a cyber insurance policy protect you if your crypto disappears in a hack or scam? That depends on your policy. Some insurers offer cryptocurrency‑specific cover….
Continue reading "Does Cyber Insurance Cover Cryptocurrency?"
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 cyber insurance is increasingly considered as essential as property or professional indemnity insurance. But does cyber insurance cover phishing attacks? What are the biggest phishing…
Continue reading "Does Cyber Insurance Cover Phishing?"
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…
Continue reading "What is a Waiting Period in Cyber Insurance?"
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…
Continue reading "How are Cyber Insurance Premiums Calculated?"
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…
Continue reading "Key Questions Before Buying Cyber 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 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…
Continue reading "What is Cyber Extortion?"
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…
Continue reading "Does Cyber Insurance Cover Ransomware?"
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"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.
