Government statistics have revealed that 46% of UK businesses suffered a cyber breach in 2017, and this is set to increase again in 2018. With that being said, how are you addressing this common threat in your business and your insurance arrangements?
Claims information released by Hiscox Insurance states: “Of all business insurance claims we see, businesses are 40% more likely to be a victim of a cyber-attack than they are a burglary.”
Businesses are still insuring traditional risks, such as tables, chairs and laptops. However, the data that you hold on a laptop is arguably more valuable that the laptop itself. With cyber crime on the rise, protecting your business against a breach is something that should be taken seriously.
Need advice?
Our dedicated Cyber Executive, Emma Buckley, can talk to you about managing the data and cyber risks that face your business. Get in touch with her on 01792 704317 or by emailing emma.buckley@thomas-carroll.co.uk.
