Are you protected against a Cyber Attack?

Posted on 24th May, 2017 in Insurance, News

Have you seen the recent news reports on the cyber attack which affected at least 150 countries including Australia?  Businesses of different sizes can be affected and experts are warning that there could be further cases, so how can you protect your business from such attacks?

Protection

  • Run computer updates
  • Use firewalls and up to date anti-virus software
  • Be wary when reading emails
  • Regularly back up your data and files.

Businesses should  also have adequate insurance to cover exposures faced from relying on the internet, email, websites or computer programs, data and from storing private information about their clients.

Cyber Liability & Privacy Protection Insurance

Cyber Liability and Privacy Protection Insurance covers a business for the cyber exposures it faces from both third party claims (such as actions brought by the Privacy Commissioner, or clients suing for breach of privacy) and first party cover including Business Interruption and other expenses the Insured might incur as a result of a cyber-attack. The first party expenses an Insured might incur include, but are not limited to, costs to repair or restore its systems, credit monitoring services if data has been breached, and public relations expenses.

If you haven’t already got a Cyber Liability and Privacy Protection Insurance cover, contact our Insurance team to discuss your options today on 1300 000 657.