A business restores its systems from clean backups and expects the worst of a cyber incident to be over. Then another message arrives. The attackers claim they copied company data before the systems were encrypted. Unless payment is made, they threaten to publish or release that information. At that point, restoring the network has solved […]
When Stolen Data Is Used for Cyber Extortion Read More »
A suspicious payment has gone to the wrong bank account. Staff suddenly lose access to critical systems. A customer database may have been compromised. When a cyber incident reaches that point, the priority is not to establish every detail before acting. It is to contain the problem, preserve evidence and start the insurance response quickly.
What to Do When Making a Cyber Insurance Claim Read More »
A cyber insurance policy can remain unchanged while the business behind it changes considerably. New software, outsourced IT, online payment processes, acquisitions, remote working and greater dependence on cloud platforms can all alter the impact of a cyber incident. That is why reviewing cyber insurance should involve more than checking the premium and headline limit
What to Check When Reviewing Your Cyber Insurance Policy Read More »
A cyber insurance policy that was relatively straightforward to arrange a few years ago may now involve more detailed questions, closer scrutiny and higher expectations around cyber security. That is because cyber insurance is changing for UK businesses. Insurers are looking beyond turnover and industry sector to understand how organisations actually manage digital risk before
Why Cyber Insurance Is Changing for UK Businesses Read More »
A fraudulent payment request can look entirely convincing. An email appears to come from a supplier, a director asks for an urgent transfer, or bank details are changed during an ordinary invoice process. By the time the mistake is discovered, the money may already have gone. These situations are increasingly common, but they are not
Does Cyber Insurance or Crime Insurance Cover Fraud Read More »
A single phishing email can interrupt trading by lunchtime. For many businesses, that is the point at which the question of how to reduce cyber risk exposure stops being theoretical and becomes a matter of lost revenue, delayed orders, client concern and management time. Cyber risk is not limited to large corporations or technology firms.
Practical Ways Businesses Can Reduce Cyber Risk Read More »
A business can be running normally at 9am and locked out of its systems by 9.15. That is why so many directors now ask, does cyber insurance cover ransomware attacks? The short answer is often yes, but not always in the way people expect, and not under every policy. Ransomware is one of the most
Does Cyber Insurance Cover Ransomware? Read More »
A ransomware attack does not need to steal money directly to become expensive. If your systems go down for two days, orders stop, staff cannot work, and customers begin to look elsewhere, the financial damage can build quickly. That is where cyber business interruption insurance explained properly becomes useful, because many businesses understand data breach
Cyber Business Interruption Insurance Explained Read More »
