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Cyber Insurance

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.

What does a Cyber threat look like?    Prop Form3

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  
                 

    What does it look like3

The Facts
The Governments National Cyber Security Centre's 2016/2017 report identified that

     "The Cyber threat to the UK business is signifcant and growing".
     "The Threat is varied and adaptable". 
     "The past year has been punctuated by Cyber attacks on a scale and boldness not seen
       before".

General Data Protection Regulation (GDPR)
     
D
esigned 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

Insurance
Here at Absolute Insurance brokers - we can help you insure yourself against this Cyber Risk

cyber Risk Chart
Sources Hot Topics - © 2017 Insurance Compliance Services
Institute and faculty of Actuaries

Get in touch 

Contact Absolute Insurance Brokers today to discuss your Cyber Insurance requirements or download and complete attached Cyber Risk Insurance form
Telephone 020 8915 1022
Email cyber@absoluteinsurancebrokers.co.uk