The risk of a Cyber attack or Data breach is a real concern for all businesses and with the forthcoming GDPR legislation, it is even more important that you look for suitable Cyber Insurance. Absolute Cyber Insurance can help to ensure your business is fully protected including losses arising from ransomware and business interruption.
This can be categorised in three ways:-
- Deliberate and Unauthorised Breaches of Security
- Unintentional or accidental breaches of Security
- Operational IT Risks due to poor systems integrity or other factors
General Data Protection Regulation (GDPR)
Designed to enable individuals to better control their personal data.
Became Law in 2016
Enforcement will commence Mid 2018 at the latest.
Regulators will have the authority to issue penalities of €20million or 4% of Global Gross Revenue
Am I at Risk?
It is not a matter of if an attack will happen it's a matter of when!
66% of UK companies were subject to Cyber-attacks in 2016!
54% were hit with Ransomware attacks!
57% of Cyber-attacks / Breaches came from employees
Here at Absolute Insurance brokers - we can help you insure yourself against this Cyber Risk
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