A cyber incident is not always caused by sophisticated hacking. It can begin with an employee clicking a convincing email, a forgotten software update or a supplier whose own systems have been compromised. What often determines the outcome is not simply the attack itself, but how well the business understands its own risks before anything […]
How Cyber Risk Assessments Work for Businesses 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
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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 managing agent can do everything by the book and still find themselves facing a costly dispute. A contractor damages part of a building during repairs. A leaseholder alleges poor communication after a water leak. Client money procedures are questioned following an accounting discrepancy. A cyber incident disrupts communication across multiple managed properties. These are
Insurance Risks Managing Agents Often Overlook 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
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